Alpha Natural Resources Inc. declared a higher coal revenues and net income in the first quarter of 2009 as compared with last year as a 25% improvement in the company’s average coal sales price overcame continued contraction in demand. For full story, click here
Continue reading "Alpha Natural declared Q1 result"
Sunday, March 29, 2009
National Coal Corp., a Central and Southern Appalachian coal producer announced that for the year ended December 31, 2008, it achieved total revenues of $132.6 million based primarily on the sale of 2.0 million tons of coal. Daniel A. Roling, President and CEO at National Coal Corp. stated: Like the rest of the country, the [...]
Continue reading "National Coal Corp. reported Q4 and year end 2008 results"
Thursday, March 12, 2009
A dip in the contract price of coal by 40 per cent is being shrugged off by the industry. However, it will make a multi-billion-dollar dent in national export revenues. PricewaterhouseCoopers mining analyst, Tim Goldsmith, said: You’ve got to look at the fact that last year prices pretty much doubled and in some cases tripled. [...]
Continue reading "Coal industry remain unaffected by price drop"
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Thursday, May 7, 2009