SOURCE: Industrial Info Resources

Industrial Info Resources

March 08, 2012 06:50 ET

U.S. Coal Mines Expand, Contract as Demand Drops for High-Sulfur Thermal Coal, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Mar 8, 2012) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- For coal companies and their employees, geography is, to some extent, destiny. Demand for thermal coal by U.S. electric utilities is expected to drop 50 million tons this year, as low-cost natural gas and tighter federal environmental rules combine to squeeze King Coal. Mining companies have announced the closure of several mines in the Eastern U.S., although a few new mines have opened or re-opened there as well. Meanwhile, in the Western U.S., prospects continue to brighten for low-sulfur coal mined from the Powder River Basin and other formations, driven by rising domestic demand, as well as strong overseas demand.

Companies featured: CONSOL Energy Incorporated (NYSE:CNX), Peabody Energy Corporation (NYSE:BTU), Alpha Natural Resources Incorporated (NYSE:ANR)

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