The News section this month kicks off with a couple of positive stories. One discusses the generation mix at one of the largest electricity generators and another demonstrates the positive impact exports are having on traditional coal markets. During this recent period of uncertainty, exports have provided a beacon of hope as international demand for thermal coal grows and prices for metallurgical-grade coal remains very healthy.
Foresight Energy, one of the largest Illinois Basin producers, plans to produce more than 21.5 million tons this year and roughly one-third of that production will be exported. Foresight President and CEO Rob Moore noted that coal prices have firmed and exports have pulled a lot of volume out of the domestic market.
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