December 16, 2011 at 08:16 AM EST
Patriot Coal and Alpha Natural Resources Benefit From Steady Uptick in Long Term Coal Demand
The Bedford Report Provides Investment Research on Patriot Coal & Alpha Natural Resources

NEW YORK, NY -- (Marketwire) -- 12/16/11 -- Coal demand is expected to be strong in the coming years despite calls for intensified efforts to remove carbon from the energy system. According to the International Energy Agency's (IEA's) inaugural 'Medium-Term Coal Market Report 2011' global coal demand will continue to expand "aggressively" over the coming five years. "For all of the talk about removing carbon from the energy system, the IEA projects average coal demand to grow by 600,000 tonnes every day over the next five years," Maria van der Hoeven, IEA executive director, said. The Bedford Report examines the outlook for companies in the coal industry and provides equity research on Patriot Coal Corporation (NYSE: PCX) and Alpha Natural Resources, Inc. (NYSE: ANR). Access to the full company reports can be found at:

www.bedfordreport.com/PCX

www.bedfordreport.com/ANR

The IEA report states that the increase in demand would be driven by growing power generation in emerging economies, especially China and India, and would place upward pressure on mining costs and coal prices.

The outlook for coal remains uncertain as the IEA said Chinese Coal imports could either jump to 180m tonnes by 2016 from 92m tonnes in 2010, or fall to 39m tonnes, depending on the path of local production. Nonetheless, the IEA anticipates strong prices.

The Bedford Report releases market research 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 IEA cautioned that the infrastructure bottlenecks experienced in recent years, which had caused coal prices to skyrocket, could again place pressure on markets and prices. The IEA believes this could test the traditional view of coal as a cheap energy resource.

Presently Indonesia, Australia, Russia, South Africa and Colombia account for more than 80% of global coal exports. While there is a rise of growing exporting countries, the IEA says that traditional exporters were expected to meet the bulk of the demand growth.

The Bedford Report provides Market 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 companies. 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

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