U.S. Coal Mines Expand, Contract as Demand Drops for High-Sulfur Thermal Coal, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 03/08/12 -- 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. 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: (NYSE:CNX), (NYSE:BTU), (NYSE:ANR)
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Datum: 08.03.2012 - 11:50 Uhr
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News-ID 122993
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SUGAR LAND, TX
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Alternative Energy
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