SOURCE: The Bedford Report

The Bedford Report

March 04, 2011 08:45 ET

Coal Demand Picks Up Steam

The Bedford Report Provides Analyst Research on Patriot Coal Corp & Peabody Energy

NEW YORK, NY--(Marketwire - March 4, 2011) -  As the economy continues its journey towards recovery, demand for continues to skyrocket. Emerging markets -- particularly China and India -- have played a critical role in coals resurgence, while the devastating floods in Queensland Australia earlier this year has put a premium put on North American and U.S. met coal production. In addition, higher oil prices have pushed coal's price up as coal can be used as an alternative for electricity generation. The Bedford Report examines the outlook for companies in the Coal Industry and provides research reports on Patriot Coal Corporation (NYSE: PCX) and Peabody Energy Corporation (NYSE: BTU). Access to the full company reports can be found at:

Luke Popovich, a spokesman for the National Mining Association, said the U.S. serves as a swing coal supplier to the world market. Popovich explains: "When Queensland flooding and China's rapid cost-recession recovery created a spike in demand to feed China's coal demand, our exports spiked up."

Popovich added that China is a "big factor." Indeed an official with the China's coal association said late last year that the country's demand for coal will continue to increase in the next five years and is expected to reach 3.8 billion tonnes in 2015.

The Bedford Report releases regular market updates on the Coal Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Earlier this week Peabody Energy announced plans to ship approximately 24 million metric tons of thermal coal per year out of a new terminal planned for Washington State. Peabody says that the plan would boost US exports by almost a third from current levels. The cost of the facility is estimated at about $500 million. Its maximum capacity for coal would be about 48 million tons.

Peabody serves customers in more than 25 countries on six continents and has trading and business offices in Indonesia, Singapore, China, Australia, the United Kingdom and the United States.

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