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Major Merger in the Coal Sector

In a landmark deal, two leading coal mining companies, GlobalCoal Inc. and MineMasters Ltd., announced a merger to form the world’s largest coal producer. The new entity, named UnitedCoal, aims to streamline operations and enhance efficiency. This merger is expected to bolster the industry by increasing production capacity and providing a competitive edge in the global market. Industry experts anticipate that UnitedCoal will drive technological advancements and sustainable mining practices, potentially reshaping the future of coal mining.

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