MARKETS

US coal stocks: The top performers

IF you had shares in the big boys of US coal Peabody Energy and Arch Coal you could probably af...

Angie Tomlinson
US coal stocks: The top performers

Based on record profits and record prices, it is no big surprise coal stocks performed so well in 2005.

Arch Coal was the frontrunner in this year’s return stakes with 145%. The coal giant began the year at what can now be perceived as a “dismal” $US33.19 before reaching the lofty heights of $US81.34 last week.

Not far behind was other coal giant Peabody Energy with a 123% one-year return. The company also began 2005 low at $US37.74 before climbing to $US86.90 during October.

Peabody has been keeping itself busy this year with interests in clean coal energy and purchase of new reserves and operations.

Next best was Walter Industries with a 78% one-year return. Coal forms only part of Walter’s interests, with the diversified company also involved in home building, water infrastructure, flow control and water transmission products, financing and natural gas.

Walter peaked at $US52.40 last month and is currently trading around the $US50 mark.

The county’s largest underground coal producer - Consol Energy – recorded a respectable year with a great 65% one-year return. The company’s shares peaked during October just under $US80 and are currently trading around $US63.

Massey Energy made a 29% one-year return. The company is now trading at $US42 after peaking at $US57 in September.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production