U.S. Coal Miners Plan More than $2.5 Billion in Projects, an Industrial Info Market Brief

U.S. coal exports increased by about 10 million short tons in 2018, when compared with 2017. While not enough to offset a decline in domestic consumption at coal-fired power plants, miners in the coking coal market see some growth opportunities as demand from steelmaking nations is expected to grow. Arch Coal Incorporated announced today it plans to spend almost $400 million to revive the South Leer project in West Virginia. Contura Energy, a relative newcomer to the market, recently merged with Alpha National Resources and has announced $180 million in capital expenditures for 2019. All in all, U.S. coal miners are planning $2.5 billion in projects, according to Industrial Info' Global Market Intelligence Database Platform.