Sentences with phrase «metallurgical coal producers»
The company, one of the largest metallurgical coal producers in the U.S., had nearly as much in debt as it had assets and, thanks to plummeting prices, its balance sheet was simply under too much pressure.
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Eric Green, a portfolio manager at PENN Capital Management, suggests owning a mix of metallurgical and thermal coal producers in order to benefit from both prices rising.
We also sell metallurgical coal to steel producers; metallurgical sales accounted for 2 % of our coal sales volume and 11 % of our coal sales revenue in 2008.»
Arch stated that the combined company would be «the second largest U.S. metallurgical coal supplier and a top - five overall global coal producer and marketer».
Some producers are shifting their focus to metallurgical coal, a higher - quality form that is mined underground, rather than the thinner seams exposed by mountaintop mines.