UPDATE 1-Consol Energy's thermal coal unit files for IPO

April 1, 2015 11:59 AM

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April 1 (Reuters) - CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership (MLP), filed for an initial public offering with U.S. regulators on Wednesday, as Consol shifts focus to boosting natural gas production.

Coal miners have been weighed down by a switch by U.S. utilities to cheaper natural gas from power-generating coal, and weaker demand from top consumer China for steel-making coal.

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