SOURCE: Equity Leader Inc.

February 03, 2012 09:00 ET

Conditions of Growth, Economic Analysis -- Research Report on Patriot Coal Corporation and Vale (ADR)

HONG KONG--(Marketwire - Feb 3, 2012) - Today, introduced research coverage of Patriot Coal Corporation (NYSE: PCX) and Vale (ADR) (NYSE: VALE). Full research reports are available to readers at:

Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experienced in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.

Despite the current situation, our team continues to identify high momentum situations with growth potential -- there remains strong opportunity within careful discretion.

Equity Leader has decided to cover Patriot Coal Corporation for its current position within the basic materials industry. Patriot Coal Corporation and its subsidiaries (Patriot) is a producer of thermal coal in the eastern United States, with operations and coal reserves in the Appalachia and the Illinois Basin coal regions. Patriot is also a United States producer of metallurgical quality coal. A copy of this report detailing Patriot Coal Corporation (NYSE: PCX) is available at:

Equity Leader is also taking note of Vale (ADR) for its changing role within the basic materials industry. Vale SA (Vale) is a Brazil-based metals and mining company. The Company's product portfolio includes nickel, iron ore and iron ore pellets, manganese ore, ferroalloys, aluminum, fertilizers, copper and coal among others. Vale is engaged in the mineral exploration in 24 countries around the globe. To download free research on Vale (ADR) (NYSE: VALE) investors may visit:

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