Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (31008)	1/11/2009 6:44:25 PM
From: LoneClone	Read Replies (1) \| Respond to of 193686

Wyoming produces record amount of coal in 2008 steelguru.com AP reported that the US energy information administration estimates that Wyoming mines produced 467.4 million tonnes of coal. The estimates will be revised when final production figures are revised. According to EIA, Wyoming is the leading coal producing state in the nation and accounts for nearly 40%of the nation's coal supply. In 2007, the state produced about 453 million tonnes. Overall US coal production was up by about 2% on a slight increase in electrical demand and an increase in US coal exports early in the year. But after more than 10 consecutive years of setting a production record, coal production in Wyoming could level off this year. Peabody Energy, the biggest producer of coal in Wyoming, said that it plans to trim its Powder River Basin coal production by 10 million tonnes in 2009 because of the recession and weakening global demand. Still, a projected stabilization of statewide coal production in 2009 doesn't alarm industry leaders. Energy officials still expect that coal will continue to increase its share of the US electrical generation market over the next two decades. Mr Marion Loomis, executive director of the Wyoming Mining Association said that "I think for Wyoming coal, we're going to continue very strong for a number of years because we're probably the best provider of affordable, reliable coal for energy. But certainly this recession is going to have an impact on everyone." Total US coal production is expected to fall 2.6% in 2009, based on a decline in exports and a decline in industrial consumption, such as coking coal for the production of steel.