CONSOL Energy Hits Paydirt with Growing Met-Coal Demand, Stronger Prices
Attachment: CONSOL-3Q21
SUGAR LAND--November 10, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The past decade hasn't been kind to the coal-mining industry, but CONSOL Energy Incorporated (NYSE:CEIX) (Canonsburg, Pennsylvania) believes the worst may be in the past. The company pointed to a revived coal market in its third-quarter results, with higher prices, stronger demand, and an industry-wide lack of capacity to meet that growing demand. CONSOL is pivoting away from thermal coal, which is burned at coal-fired power plants, and is emphasizing the production of metallurgical (met) coal, which is used in steelmaking. Industrial Info is tracking more than $2.1 billion worth of active projects from CONSOL.
Within this article: Details on some of CONSOL's most anticipated projects, including improvements at the Pennsylvania Mining Complex and the Itmann Coal Mine and Preparation Plant in West Virginia.
