China Coal Energy Co's Mining Disaster to Spur Growth at L&L Energy and SinoCoking
The Bedford Report Provides Equity Research on L&L Energy & SinoCoking and Coke Chemical Industries
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/23/11 -- China is set to overtake the United States as the world's top energy user. While in the past China spent billions of dollars buying into energy resources from abroad to fuel its burgeoning cities, the nation has increased domestic production in recent years -- boosting revenues for several Chinese energy companies. The Bedford Report examines the outlook for companies in China's Energy Sector and provides stock research on L&L Energy, Inc. (NASDAQ: LLEN) and SinoCoking and Coke Chemical Industries, Inc. (NASDAQ: SCOK). Access to the full company reports can be found at:
China represents both the largest coal consumer and producer in the world. As China is deficient in oil and natural gas, coal continues to be a major source for the country's energy requirements. Despite the large domestic demand, coal does contribute to country's export revenues. According to the latest statistics from China National Coal Association (CNCA), in the first half of this year, national coal output reached 1.77 billion tons, an increase of 12.7 percent compared with the same period in the previous year; the sale volume of coal was as high as 1.71 billion tons, an increase of 13.8 percent year-on-year.
The Bedford Report releases regular market updates on the China's Energy Sector 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.
China's coal industry lost a key player earlier this month after China Coal Energy Co's parent company was ordered to cease operations in Shanxi province following a fatal mine accident. "The order may affect about 60 million tons-a-year of China Coal's capacity for probably two weeks," said Helen Lau analyst at UOB-Kay Hian Ltd.
The unfortunate news was big for other Chinese coal producers such as L&L Energy and SinoCoking and Coke Chemicals Industries, as their services are likely to be in welcome demand. Earlier this month L&L Energy said it plans to buy 14 metallurgical coal producing mines in China that could yield about $500 million in revenue.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: .
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Datum: 23.09.2011 - 06:16 Uhr
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