Coal Demand Doldrums Put Damper on $11.6 Billion in Capital Expenditure Plans at U.S. Mines, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 07/02/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Inexpensive natural gas, environmental regulations, reduced energy usage and high coal inventories at power plants are all factors that have had a negative impact on coal demand fundamentals in 2012. These factors are starting to impact capital expenditures at as a number of mine closures, production reductions and capital expenditure postponements have been announced by the nation's leading coal mining companies including (NYSE:BTU) (St. Louis, Missouri), (NYSE:ACI) (St. Louis), (NYSE:ANR) (Bristol, Virginia) and (NYSE:CNX) (Pittsburgh, Pennsylvania).
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Joe Govreau
713-783-5147
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Datum: 02.07.2012 - 04:15 Uhr
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News-ID 1129479
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