15 May '11, 11am

U.S. to be a top #coal exporter again, thanks to Asia.

U.S. to be a top #coal exporter again, thanks to Asia.

The United States could vault back into the top rank of coal exporters for good this year thanks to Asia's fuel demand — just as surging gas output and tougher environmental laws threaten mainstay domestic sales. Leading U.S. producers, with wallets bulging from high world prices, are jostling to boost their Asian presence. Their only problem is squeezing enough coal through over-stretched ports and railroads, but efforts are underway to open new outlets thanks to surging confidence in the sector. "We see it as a structural change," said Deck Slone, chief spokesman for Arch Coal Inc , the second largest U.S. producer after Peabody Energy Corp. Arch has agreed to buy International Coal Co and has opened a Singapore-based subsidiary to boost its export presence. Analysts say total U.S. coal exports could amount to around 100 million tons (91 million tons) this year, leaving ...

Full article: http://solveclimate.com/news/20110513/united-states-top-c...

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