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U.S. Coal Mining to Rise 5% as Coal-Fired Generation Under Construction Worldwide Reaches 93 Gigawatts
SUGAR LAND--October 2, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--With more than 93.7 gigawatts (GW) of coal-fired power generation under construction worldwide, coal demand is on the rise. In a recent presentation at the 2008 MINExpo, Andy Blumenfeld, Vice President for Market Research of Arch Coal Incorporated (NYSE:ACI) (St. Louis, Missouri), spoke about the positive market trends promoting coal for the future. Strong domestic and global demand for steam and metallurgical coal bode well for U.S. coal mining companies like Arch Coal, which is positioned to take advantage of growing U.S. and export market demand.
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Details on this Article:
Industry Segment: Metals & Minerals
Word Count: 433 Words
Attachment: Chart of World Coal-Fired Generation Unit Additions
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