coal miners

StreetInsider.com Notable ETF Movers: HIGHER;

• Market Vectors Coal ETF (NYSE: KOL) up 3.5% to $39.18. Coal miners are rallying on news that the EPA has dropped their objections and allowing Patriot Coal Corp.'s application to the U.S.
  
  Army Corps of Engineers. The Obama administration is looking to curb environmental damage caused by a mining practice known as "mountaintop removal." The Corps of Engineers issues Clean Water Permits to allow operators to bury intermittent streams with excess material removed from surface mines.

Shares of coal mining companies fell Wednesday after an analyst downgraded the sector, predicting China's demand has diminished as it has built an excess inventory of steel.

Angry Appalachian coal miners are refusing to vacation in Tennessee because they say one of that state's political leaders wants to eliminate needed jobs by banning mountaintop removal.