While US coal producers are hesitant to invest in new capacity at the moment, several industry professionals said at a recent energy event that they do not foresee widespread consolidation any time soon. Register Now Michael Bauersachs, president and CEO of Ramaco Resources, said that in a “difficult environment” in which the sector’s share prices are undervalued and investors are unwilling to take on debt, substantial mergers and acquisitions are unlikely. “Now should it happen is a different question,” he said during a panel Thursday at the 19th Coaltrans USA conference in Miami. “In particular on the steam side, I think you could make the case that substantial consolidation makes a lot of sense. It makes a lot of sense in the Powder River Basin […]