Alpha Lifts 2011 Coking Coal Forecast on Australian Floods

Bloomberg.com reports that, because of flooding and likely increase for demand, Alpha Resources (NYSE:ANR) raised its’ forecasts.

The story is quoted as saying:

The company expects to ship between 13 million and 14.5 million tons of metallurgical coal, used to forge steel, up from an earlier forecast of 11.5 million to 13.5 million tons shipped, according to a statement today from Abingdon, Virginia- based Alpha.

To access the full story, click here.