James River Coal and Patriot Coal Surge on Strong Foreign Demand
Five Star Equities Provides Stock Research on James River Coal and Patriot Coal
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 07/02/12 -- It has been a tough year for coal stocks as plummeting natural gas prices have seen demand for coal in the U.S. drop dramatically. Yet coal stocks have been on the upswing recently on strong foreign demand as Peabody Energy CEO Gregory Boyce last week stated that demand from China has seen strong growth in recent months. Five Star Equities examines the outlook for companies in the Coal Industry and provides equity research on James River Coal Company (NASDAQ: JRCC) and Patriot Coal Corporation (NYSE: PCX).
Access to the full company reports can be found at:
"We project they will reach a record 285 million tons in 2012 as the country increasingly looks to the seaborne coal markets," said Boyce at a recent conference. "We expect global metallurgical coal use to increase 25 percent by 2016, translating to an additional 250 million tons of demand growth, with the bulk of increases led by China and India."
The demand for coal has also been rising in India as their production levels have failed to meet the country's growing demand. The Centre for Monitoring Indian Economy predicts that India's coal imports will rise 28 percent this fiscal.
Five Star Equities 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 stock reports and industry newsletters.
James River Coal's operations are located in the Central Appalachian coal basin, which contains some of the highest quality reserves in the region. In 2011, the company generated revenues of $1.2 billion. Approximately 56 percent of their 2011 revenues were generated from coal sales to electric utility companies and the remainder came from coal sales to industrial and other companies.
Patriot Coal Corporation is a leading producer and marketer of coal in the eastern United States, with 13 active mining complexes in Appalachia and the Illinois Basin. The company ships to domestic and international electric utilities, industrial users and metallurgical coal customers, and controls approximately 1.9 billion tons of proven and probable coal reserves.
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Datum: 02.07.2012 - 06:20 Uhr
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