Coal Stocks on the Upswing as Foreign Demand Grows
20.06.2012 | Marketwired
The Paragon Report Provides Stock Research on Peabody Energy and James River Coal
NEW YORK, NY -- (Marketwire) -- 06/20/12 -- The emergence of natural gas as a cheaper energy alternative in the U.S. has been a major problem for coal investors in 2012. Coal stocks may finally be on the upswing as foreign demand for coal remains strong. China has recently approved 23 billion in steel projects, and India's coal production is failing to meet their growing demand. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Peabody Energy Corporation (NYSE: BTU) and James River Coal Company (NASDAQ: JRCC).
Access to the full company reports can be found at:
www.ParagonReport.com/BTU
www.ParagonReport.com/JRCC
The Centre for Monitoring Indian Economy (CMIE) in its monthly report expects India's coal imports this year to increase by 28.3 percent (127 million tons). "Domestic coal production is not sufficient to meet the rising demand from power, cement and steel industries. Therefore, the country relies on imported coal," CMIE said.
In addition, the $23 billion in approved steel projects will look to boost demand for metallurgical coal, which plays a crucial role in the steel making process. Steel output in China is expected to reach 700 million tons in 2012 according to the China Iron and Steel Association.
Paragon 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Peabody is advancing a lengthy pipeline of projects and partnerships in China with leading energy, coal and steel companies. Their value proposition is simple: Peabody will offer world-class expertise in engineering and project management, a reputation for integrity and a record of safety, productivity and environmental results.
James River Coal Company mines and sells metallurgical, bituminous, steam and industrial-grade coal through eight operating subsidiaries located throughout Eastern Kentucky, Southern West Virginia and Southern Indiana. The Company's operations are located in the Central Appalachian coal basin, which contains some of the highest quality reserves in the region.
Paragon 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 Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.ParagonReport.com/disclaimer
NEW YORK, NY -- (Marketwire) -- 06/20/12 -- The emergence of natural gas as a cheaper energy alternative in the U.S. has been a major problem for coal investors in 2012. Coal stocks may finally be on the upswing as foreign demand for coal remains strong. China has recently approved 23 billion in steel projects, and India's coal production is failing to meet their growing demand. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Peabody Energy Corporation (NYSE: BTU) and James River Coal Company (NASDAQ: JRCC).
Access to the full company reports can be found at:
www.ParagonReport.com/BTU
www.ParagonReport.com/JRCC
The Centre for Monitoring Indian Economy (CMIE) in its monthly report expects India's coal imports this year to increase by 28.3 percent (127 million tons). "Domestic coal production is not sufficient to meet the rising demand from power, cement and steel industries. Therefore, the country relies on imported coal," CMIE said.
In addition, the $23 billion in approved steel projects will look to boost demand for metallurgical coal, which plays a crucial role in the steel making process. Steel output in China is expected to reach 700 million tons in 2012 according to the China Iron and Steel Association.
Paragon 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.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Peabody is advancing a lengthy pipeline of projects and partnerships in China with leading energy, coal and steel companies. Their value proposition is simple: Peabody will offer world-class expertise in engineering and project management, a reputation for integrity and a record of safety, productivity and environmental results.
James River Coal Company mines and sells metallurgical, bituminous, steam and industrial-grade coal through eight operating subsidiaries located throughout Eastern Kentucky, Southern West Virginia and Southern Indiana. The Company's operations are located in the Central Appalachian coal basin, which contains some of the highest quality reserves in the region.
Paragon 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 Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.ParagonReport.com/disclaimer