SOURCE: The Bedford Report

The Bedford Report

May 11, 2011 08:16 ET

North American Coal Producers Poised for Growth

The Bedford Report Provides Analyst Research on Peabody Energy & James River Coal

NEW YORK, NY--(Marketwire - May 11, 2011) - US coal producers have been on the upswing this earnings season, as most companies forecast that 2011 will be a highly lucrative year. Coal prices have seen sharp gains since December in response to floods in Queensland Australia. In addition, Asia's growing demand for metallurgical coal has already begun to boost top lines throughout the industry. The Bedford Report examines the outlook for companies in the Coal Industry and provides research reports on Peabody Energy Corporation (NYSE: BTU) and James River Coal Company (NASDAQ: JRCC). Access to the full company reports can be found at:

US coal companies are seeing a surge in demand following last year's devastating floods in Queensland Australia. Due to the flooding, the US Energy Department believes shipments from the US are poised to rise almost nine percent this year to about 86.5 million tons.

RBS Morgans analyst Tom Sartor points out that coal production from Queensland -- which supplies a major proportion of the world's coking coal for steelmaking -- was recovering more slowly than expected from the flood disruptions.

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.

Yesterday James River Coal saw its share price slide after the company posted a surprise first-quarter loss, hurt by a fall in revenue and shipments. The company added that thermal coal prices still remained below its expectations. About 88 percent of the company's 2010 revenues were generated from sales of thermal coal -- the cheapest and most common type of coal which is often used to produce electricity. Skyrocketing prices for metallurgical, or steelmaking, coal have led James River and its peers like Peabody Energy to raise their production of the more lucrative fuel.

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