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Industry Analysis of Coal Mining

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Industry Analysis- Coal Mining
With respect to Duke energy and energy usage.

Coal mining in the US continues to show growth even when coal consumption in the US continues to drop. Coal use for energy is decreasing at an increasing rate due to natural gas prices increasing and the country pushing for clean energy.

http://mjperry.blogspot.com/

Natural Gas and Coal have come to an even total in use for America’s energy needs, which will continue to diminish this mature coal-mining market. Coal is also diminishing in value because of the greenhouse gasses coal emits when in use. Coal. is an extremely “dirty” energy source. http://greenworldpics.com

This graphic shows the disparity in coal usage and coal CO2 emissions. This disparity is another reason many companies are leaving coal and causing the faster decline coal is experiencing.

Coal Production

• U.S. coal production in 2011 increased slightly from 2010, driven by export demand, to roughly 1.1 billion short tons.
• Production in the Western Region, which includes Wyoming, totaled 587.6 million short tons, a 0.7 percent decline from 2010.
• In 2011, productive capacity of coal mines increased by 2.5 million short tons to 1.3 billion short tons.
• The average number of employees in U.S. coal mines increased 6.3 percent to 91,611.
• Domestic coal consumption of metallurgical coal by the coking industry rose 1.6 percent to 21.4 million short tons.
The average sales price of coal increased 15.2 percent to $41.01 per short ton.
(http://www.eia.gov)

The price has been slowly increasing over the past few years with coke producers prices increasing the most. Coke is a Solid residue remaining after certain types of coals are heated to a high temperature out of contact with air until substantially all components that easily vaporize have been driven off. (IBIS world)

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