Welcome To The North American Gem HUB On AGORACOM

The Company's primary goal is to explore for Coal in North America, currently the focus is in Kentucky, Saskatchewan and West Virginia.

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Message: Long-term coal fundamentals strong

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Coal

Consumption. Electric-power-sector coal consumption is projected to grow by about 1.2 percent in 2008. Slow growth in electricity consumption, combined with projected increases in electricity generation from other sources (nuclear, natural gas, and wind), will lead to a slight decline (0.9 percent) in electric-power-sector coal consumption in 2009 (U.S. Coal Consumption Growth).

Production and Inventories.Growth in domestic coal consumption and particularly in exports is expected to contribute to a 3-percent increase in coal production in 2008 (U.S. Annual Coal Production). In 2009 coal production will remain relatively unchanged as increases in coal exports are offset by decreases in domestic consumption and producer-held stocks. Secondary (consumer-held) coal stocks, which grew to almost 160 million short tons in 2007, are expected to remain stable in 2008 and grow by an average of 2.3 percent in 2009.

Exports. In the first half of 2008, U.S. coal exports increased by 13 million short tons, or 50 percent, over first-half 2007 shipments. Strong global demand for coal, combined with supply disruptions in several key coal-exporting countries (Australia, South Africa, and China), were the primary factors behind the increase in U.S. coal exports. Continued robust worldwide demand for coal is projected to lead to an overall 43-percent increase in U.S. coal exports in 2008. Coal exports are projected to grow 2.4 percent to 86.5 million short tons in 2009.

http://www.eia.doe.gov/emeu/steo/pub...


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