SOURCE: Paragon Financial Limited

Paragon Financial Limited

June 20, 2012 08:20 ET

Coal Stocks on the Upswing as Foreign Demand Grows

The Paragon Report Provides Stock Research on Peabody Energy and James River Coal

NEW YORK, NY--(Marketwire - Jun 20, 2012) - The emergence of natural gas as a cheaper energy alternative in the U.S. has been a major problem for coal investors in 2012. Coal stocks may finally be on the upswing as foreign demand for coal remains strong. China has recently approved 23 billion in steel projects, and India's coal production is failing to meet their growing demand. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Peabody Energy Corporation (NYSE: BTU) and James River Coal Company (NASDAQ: JRCC).

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The Centre for Monitoring Indian Economy (CMIE) in its monthly report expects India's coal imports this year to increase by 28.3 percent (127 million tons). "Domestic coal production is not sufficient to meet the rising demand from power, cement and steel industries. Therefore, the country relies on imported coal," CMIE said.

In addition, the $23 billion in approved steel projects will look to boost demand for metallurgical coal, which plays a crucial role in the steel making process. Steel output in China is expected to reach 700 million tons in 2012 according to the China Iron and Steel Association.

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Peabody is advancing a lengthy pipeline of projects and partnerships in China with leading energy, coal and steel companies. Their value proposition is simple: Peabody will offer world-class expertise in engineering and project management, a reputation for integrity and a record of safety, productivity and environmental results.

James River Coal Company mines and sells metallurgical, bituminous, steam and industrial-grade coal through eight operating subsidiaries located throughout Eastern Kentucky, Southern West Virginia and Southern Indiana. The Company's operations are located in the Central Appalachian coal basin, which contains some of the highest quality reserves in the region.

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