Demand for Coal May Rise as a Result of Nuclear Reactor Shutdowns in Korea
Five Star Equities Provides Stock Research on Arch Coal Inc. and James River Coal Company
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 04/19/12 -- The Coal Industry has been hit hard recently as a glut of natural gas, and slow growth in China has threatened demand. The PowerShares Global Coal fund has fallen more than 34.3% over the last year. Five Star Equities examines the outlook for companies in the Coal Mining Industry and provides equity research on Arch Coal Inc. (NYSE: ACI) and James River Coal Company (NASDAQ: JRCC).
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Things may be turning around for the industry as recent problems with a reactor in South Korea, and recent shutdowns of Japanese reactors could be signs that coal will see a rapid increase in demand in 2012. A recent Bloomberg article stated that the Kori 1 reactor in South Korea was closed for safety checks on March 13. Five weeks after a power failure caused the temperature of its core to rise. If the reactor remains shut Korea will look to boosting coal purchases to replace the nuclear power generated by the reactor.
"Economically, coal is the best," said Osamu Fujisawa, an independent energy economist in Tokyo who estimates coal imports may gain as much as 2.45 million metric tons a year. "If you're trying to increase summer power generation, coal is the best in terms of cost."
Five Star Equities releases regular market updates on the Coal Mining 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.
Arch Coal, Inc. will discuss its first quarter 2012 financial results in a conference call that will be broadcast live over the Internet on Tuesday, May 1 at 11:00 a.m. E.D.T. Participating on the call will be Arch's Chairman Steven F. Leer, President and Chief Executive Officer John W. Eaves, and Senior Vice President and Chief Financial Officer John T. Drexler.
James River Coal Company is one of the leading coal producers in Central Appalachia and the Illinois Basin. The Company last month reported that it had a net loss of $39.1 million or $1.19 per fully diluted share for the year ended December 31, 2011 and a net loss of $28.5 million or $0.82 per fully diluted share for the fourth quarter of 2011.
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Datum: 19.04.2012 - 12:20 Uhr
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