Arch Coal Inc. (ACI) and Great Northern Properties Limited Partnership (GNP) have entered into a coal lease agreement for all of GNP’s coal resources in the Otter Creek Tracts located in southeastern Montana. Following the agreement, Arch will own the right to mine about 9,600 acres (731 million tons) of GNP-owned minerals for a consideration of 10 cents per ton or $73.1 million, payable in equal annual installments over a period of five years. The 731 million tons of high-quality, low-cost, sub-bituminous coal reserves, which are low in sulfur dioxide content, are located in the Ashland coalfield southeast of Billings, Montana.   The coal lease provides a future growth opportunity for Arch to build a significant position in the Northern Powder River Basin coal region. We believe investment in these low-ratio reserves would support the future development of a large-scale, dragline-operated surface coal mine. It will also give Arch

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Massey Energy Co. (MEE) − the largest coal company in Central Appalachia, Virginia – announced third-quarter earnings of 19 cents per share, which was in line with the Zacks Consensus Estimate. However, lower coal shipments and prices drove a 69% slump in earnings year over year.   Revenues in the quarter plunged 6% year over year to $6.4 billion, reflecting a 15% drop in sales volumes and a 4% decline in prices. Metallurgical coal accounted for 22% of total shipments, down from 24% in third-quarter 2008. According to company estimates, a fire that destroyed a southern West Virginia preparation plant in August curtailed production by 300,000 tons during the quarter.   Massey and its peers including Arch Coal Inc. (ACI), CONSOL Energy Inc. (CNX) and Peabody Energy Corp. (BTU) were impacted by the weak coal demand. Demand for coal decreased with lower electric power generation

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For Immediate Release

Chicago, IL – September 18, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Coal sector, including Peabody Coal (BTU), Arch Coal Inc. (ACI), Rio Tinto (RTP) and Walter Energy (WLT).

Here is the latest on the Coal sector:

The larger coal players with strong balance sheets will be able to capitalize on the current market environment in the form of acquisitions. With asset prices coming down from mid-'08 levels and smaller producers feeling the strain on margins, this represents opportunities to acquire reserves on the cheap.

In particular, we like companies with exposure to the international coal markets as well as the Powder River Basin (PRB) in the U.S. Companies like Peabody Coal (BTU) and Arch Coal Inc. (ACI) look attractive currently. Both have recently engaged in long-term

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Apco Oil and Gas International Inc. (Nasdaq: APAGF) announced today that the Argentine province of Neuquen has agreed to extend the concession terms for the company’s operations in the Bajada del Palo and Entre Lomas concessions for 10 years.

Arch Coal, Inc. (NYSE: ACI) today announced that it has commenced an offering in accordance with Rule 144A under the Securities Act of 1933, as amended, of $500 million in aggregate principal amount of senior unsecured notes due 2016. The notes will be guaranteed by the company’s subsidiaries that guarantee indebtedness under the company’s existing senior secured credit facility.

SPX

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For Immediate Release

Chicago, IL - June 25, 2009 - Zacks.com announces the latest Industry Outlook. Today's outlook from Zacks Equity Research analyst Neil Malkin discusses the Coal sector. Highlighted stocks include: Peabody Coal (BTU), Arch Coal Inc. (ACI), Rio Tinto (RTP) and Walter Energy (WLT).

Here is the latest on the Coal sector:

The larger coal players with strong balance sheets will be able to capitalize on the current market environment in the form of acquisitions. With asset prices coming down from mid-'08 levels and smaller producers feeling the strain on margins, this represents opportunities to acquire reserves on the cheap.

In particular, we like companies with exposure to the international coal markets as well as the Powder River Basin (PRB) in the U.S. Companies like Peabody Coal (BTU) and Arch Coal Inc. (ACI)

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Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. Based off of various recent economic indicators, the U.S. economy appears to be stabilizing. Although the rest of 2009 is likely to continue on a path of weak steel and electricity demand relative to 2008 levels, several factors should help lift the coal producers in 2010.

Reductions in capex spending from both coal and natural gas producers, the weakening of the U.S. dollar and most importantly, increased steel and electricity consumption in '10 should all be positive catalysts for the coal industry next year.

As stated in earlier outlook summaries, benchmark metallurgical prices for fiscal 2009 have been set around $120/mt -- off markedly from the $300/mt level seen in 2008 but still above historical met price levels. This means that in 2010, producers will still realize triple digit average

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Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. Based off of various recent economic indicators, the U.S. economy appears to be stabilizing. Although the rest of 2009 is likely to continue on a path of weak steel and electricity demand relative to 2008 levels, several factors should help lift the coal producers in 2010.

Reductions in capex spending from both coal and natural gas producers, the weakening of the U.S. dollar and most importantly, increased steel and electricity consumption in '10 should all be positive catalysts for the coal industry next year.

As stated in earlier outlook summaries, benchmark metallurgical prices for fiscal 2009 have been set around $120/mt -- off markedly from the $300/mt level seen in 2008 but still above historical met price levels. This means that in 2010, producers will still realize triple digit average

...

Our near-term (6-18 months) outlook for the coal industry has improved somewhat from our previous neutral sentiment to a more positive undertone. Based off of various recent economic indicators, the U.S. economy appears to be stabilizing. Although the rest of 2009 is likely to continue on a path of weak steel and electricity demand relative to 2008 levels, several factors should help lift the coal producers in 2010.Reductions in capex spending from both coal and natural gas producers, the weakening of the U.S. dollar and most importantly, increased steel and electricity consumption in '10 should all be positive catalysts for the coal industry next year.As stated in earlier outlook summaries, benchmark metallurgical prices for fiscal 2009 have been set around $120/mt -- off markedly from the $300/mt level seen in 2008 but still above historical met price levels. This means that in 2010, producers will ...

For Immediate Release

Chicago, IL - May 1, 2009 - Zacks.com announces the latest Industry Outlook. Today's outlook from Zacks Equity Research analyst Neil Malkin discusses the Coal sector. Highlighted stocks include: Peabody Energy (BTU), Arch Coal Inc. (ACI) and Rio Tinto (RTP).

Here is the latest on the Coal sector:

We like companies with exposure to the international coal markets as well as the Powder River Basin (PRB) in the U.S. Companies like Peabody Energy (BTU) and Arch Coal Inc. (ACI) look attractive currently. Both of which have recently engaged in long-term growth acquisitions.

Peabody is the largest pure-play coal producer, with significant leverage to the Australian export market. Due to the high quality of coal produced and its proximity to Asia (emerging markets) Australian seaborne coal trades at premium to all other coals. Peabody would benefit especially when China and other Asian

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Our near-term outlook for the coal industry is neutral. Decreased demand for steel and electricity caused by a global recession has pushed global coal prices down off their highs of 2008. In the U.S., this has been perpetuated by mild weather, low natural gas prices and high coal stockpile levels at power generators.

While production cuts will help prices from falling off a cliff, these will likely impact earnings in 2009 as higher unit costs and lower met realizations shrink margins. Until the economy and investors start to see the tangible effects from the late '08 and early '09 monetary and fiscal stimulus packages put in place on a global scale, there will not be any catalysts to move stock prices in the coal space -- thus trading flat through 3Q'09.

On a more positive note, while benchmark metallurgical prices for fiscal 2009 were recently set around $120/mt -- off markedly from

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