NEW YORK, NY -- (Marketwire) -- 03/29/12 -- The Coal Mining Industry faces another struggle as the Environmental Protection Agency (EPA) imposes limits on carbon emissions on all new U.S. power stations. The new limits would effectively bar the building of any new coal plants. The Paragon Report examines the outlook for companies in the Coal Mining Industry and provides equity research on Alpha Natural Resources, Inc. (NYSE: ANR) and Arch Coal Inc. (NYSE: ACI).
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EPA Administrator Lisa Jackson called the limits a "common-sense step to reduce pollution" but others slammed the proposed regulations for potentially limiting electricity production.
The American Coalition for Clean Coal Electricity said the move will drive up energy prices and hurt job creation by discouraging use of U.S. coal resources that provide affordable electricity. Previous actions by the EPA have played a major role in the closure of 140 coal plants across the U.S. The new imposed rules will see that number increase.
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With $7.1 billion in total revenue in 2011, Alpha Natural Resources ranks as America's second-largest coal producer by revenue and third-largest by production. Alpha is the nation's largest supplier of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries. In 2011 the company had more than 200 customers on five continents.
Arch Coal Inc. is a top five global coal producer and marketer, with 155 million tons of coal sold in 2011. Arch is the most diversified American coal company, with more than 20 active mining complexes across every major U.S. coal supply basin. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer
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