DALLAS, Sept. 25, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring International Coal Group (NYSE:ICO - News). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on International Coal Group (NYSE:ICO - News) should be of particular interest to other companies in the energy sector, particularly the coal industry: Patriot Coal Corp. (NYSE:PCX - News), Alliance Resource Partners LP (Nasdaq:ARLP - News), Arch Coal Inc. (NYSE:ACI - News) and Peabody Energy Corp. (NYSE:BTU - News).
The full report is available at: http://www.stockpreacher.com/n/ICO
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International Coal Group Inc. (ICO) is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal. The Company's Appalachian mining complexes, which include 12 of its mining complexes, are located in West Virginia, Kentucky and Maryland. It also has a complementary mining complex of mid to high sulfur steam coal located in the Illinois Basin. ICO markets its coal to a customer base of largely investment grade electric utilities, as well as domestic and international industrial customers.
In the report, the analyst notes:
"The Company believes the thermal coal market hit bottom in late April as spot prices thereafter began a gradual recovery. By the end of June, spot pricing had rebounded by 10% to 20% from the April low point. Natural gas prices also appear to have stabilized somewhat, although at a historically low price level. Nevertheless, coal demand remains extremely weak and meaningful thermal price recovery may not occur until 2010. With regard to the metallurgical market, ICO has seen slow but steady increases in blast furnace capacity utilization, which suggests an improving outlook for coking coal prices.
"ICO has acquired certain international patent rights that substantially expand its ability to manufacture and market its ADDCAR high-wall mining system beyond North America. Key coal-producing countries added to the ICG ADDCAR marketing area include China, Russia and South Africa. The international patent rights were purchased for an undisclosed sum."
To read the entire report visit: http://www.stockpreacher.com/n/ICO
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