March 04, 2011 at 11:25 AM EST
American Coal Producers See Surge in Shipments
The Bedford Report Provides Analyst Research on International Coal & Alpha Natural Resources

NEW YORK, NY -- (Marketwire) -- 03/04/11 -- As the economy continues its journey towards recovery, demand for continues to skyrocket. Emerging markets -- particularly China and India -- have played a critical role in coals resurgence, while the devastating floods in Queensland Australia earlier this year has put a premium put on North American and U.S. met coal production. In addition, higher oil prices have pushed coal's price up as coal can be used as an alternative for electricity generation. The Bedford Report examines the outlook for companies in the Coal Industry and provides research reports on International Coal Group, Inc. (NYSE: ICO) and Alpha Natural Resources, Inc. (NYSE: ANR). Access to the full company reports can be found at:

www.bedfordreport.com/2011-03-ICO

www.bedfordreport.com/2011-03-ANR

Luke Popovich, a spokesman for the National Mining Association, said the U.S. serves as a swing coal supplier to the world market. Popovich explains: "When Queensland flooding and China's rapid cost-recession recovery created a spike in demand to feed China's coal demand, our exports spiked up."

Popovich added that China is a "big factor." Indeed an official with the China's coal association said late last year that the country's demand for coal will continue to increase in the next five years and is expected to reach 3.8 billion tonnes in 2015.

The Bedford Report 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 www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

The US Energy Department echoed Popovich's claims. Due to the Queensland flooding, the Energy Department believes shipments from the US are poised to rise almost nine percent this year to about 86.5 million tons -- the most since 1996.

In recent industry news, Alpha Natural Resources has proposed to merge with Massey Energy Co. to make it the third largest metallurgical coal producer in the world.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
The Bedford Report
Email Contact

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here