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US says will probe coal trades for royalty shortfalls

Source: Thomson Reuters Foundation - Fri, 8 Feb 2013 19:35 GMT
Author: Reuters
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WASHINGTON, Feb 8 (Reuters) - U.S. Interior Secretary Ken Salazar on Friday said officials would investigate whether miners and traders shorted taxpayers on coal sales to Asia.

"The Department shares your concern that this matter should be taken seriously and be thoroughly investigated to determine if there is any merit to the allegations," Salazar wrote to the Senate Energy and Natural Resources Committee which had asked officials to examine the trades.

The letter follows a Reuters investigation into the coal trades out of Wyoming and Montana. (Reporting by Patrick Rucker and Timothy Gardner; Editing by James Dalgleish)

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