CAPP producers brace for bloodier-yet Q3 results

摘要

With costs once again proving a deepening worry, and plummeting share prices a grim anxiety, a bunch of Central Appalachian producers are waiting shaking in trepidation for the appearance of their third and fourth quarter results. "The second quarter performances were all bloody; third and fourth quarter will be much, much worse," said one commentator this week. The key predominantly CAPP producers are: Massey, James River, Alpha, International Coal, and National Coal. Another four major operators -Peabody, Arch, Foundation and Consol. - have investments in CAPP, but their portfolio is more widely spread throughout the US, and in the case of Peabody, international, industry.