By Kalwinder KaurJul 4 2012
The requirement for coal during the current year in the United States has been pulled down significantly due to reduction in natural gas prices, which has resulted in a bad phase for coal stocks.
However, according to Gregory Boyce, C EO Peabody Energy, in recent months the situation has improved considerably because of external demand for coal, especially from China. He foresees that there would be additional requirement of about 250 million tons of coal, particularly from countries such as India and China, with international metallurgical coal use going up by 25% by 2016.
Five Star Equities, an independent research body that investigates and comes up with reports on upcoming equities that offer good growth options and returns, has studied the scope for organizations such as Patriot Coal and James River Coal. Five StarEquities offers reports and newsletters to members at frequent intervals. Investors can choose the best options for investment to obtain optimal returns.
Situated in the coal valley of Central Appalachia, which has coal supplies of the highest grade in the area, James River Coal had earnings of about 1.2 billion dollars during 2011, supplying primarily to electric utility organizations and other industries.
In the Appalachia and Illinois valley of eastern United States, Patriot Coal is a major procurer and marketer of coal, functioning with 13 mining units. With about 1.9 billion tons of existent and anticipated coal supplies, the company caters to the local and international electric utilities, metallurgy coal users as well as to other industries.
Source: http://www.FiveStarEquities.com/JRCC
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