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
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 [...]
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. [...]
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