SOURCE: Industrial Info Resources

Industrial Info Resources

August 02, 2011 06:15 ET

Strong Coal Export Markets Drive U.S. Capital Spending, M&A, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 2, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Strong demand from abroad for metallurgical coal and a growing export market for thermal coal are spurring increased capital projects and mergers and acquisition (M&A) activity in the U.S. coal sector. Coal and gas producer CONSOL Energy Incorporated (NYSE:CNX) (Canonsburg, Pennsylvania) has pointed to growth in coal export markets as being at the root of major capital projects, while the strong coal market paved the way for Arch Coal Incorporated's (NYSE:ACI) (St. Louis, Missouri) acquisition of International Coal Group and is also driving capital spending for the company.

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