Tags: US | Coal | Mining | Sector | Snap

Massey Explosion Pushes Other Coal Stocks Higher

Tuesday, 06 Apr 2010 03:57 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Shares of some of Massey Energy's key competitors are rising after an explosion killed 25 miners at one of the coal producer's mines.

The West Virginia mine likely will be closed for a lengthy period as a result of Monday's blast.

As Richmond, Va.-based Massey Energy Co.'s shares slumped Tuesday, shares of Alpha Natural Resources, Patriot Coal and Walter Energy all hit 52-week highs before paring some of those gains.

All these companies produce metallurgical coal which is used in steel manufacturing. The market for that type of coal is tightening because of rebounding demand from steel producers in China and India.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Low-Carb Diet Beats Low-Fat for Weight Loss: Study

Monday, 01 Sep 2014 21:26 PM

Alow-carbohydrate diet is better for losing weight and may also be better for lowering the risk of heart disease than a  . . .

NYPD's Bratton Defends Response in Custody Death

Monday, 01 Sep 2014 19:48 PM

It appears New York City police officers behaved appropriately when they put a protective body wrap on drug user who lat . . .

Fast-Food Workers Seeking Raises Plan Strike in 150 Cities

Monday, 01 Sep 2014 19:42 PM

Fast-food workers in 150 U.S. cities plan to protest this week in what could be the largest strike since the demonstrati . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved