Canadian coal stocks fired up as demand outstrips supply

The Globe and Mail reports that the Canadian Coal Industy is poised to grow enormously, as demand quickly outpaces supply- with an emphasis on Western Coal.

The story is quoted as saying:

Analysts are most bullish on Western Coal, which has been expanding the most aggressively among the three publicly traded Canadian producers. It has almost doubled its production in the current fiscal year – it recently raised its production target for the year ending March 31, 2011, to 6.1 million tonnes compared with 3.2 million in fiscal 2010 – and Mr. Calder said the company plans to raise its totals to 8 million tonnes in fiscal 2012 and 10 million tonnes in fiscal 2013. (The company ships out of the Ridley facility.)

For the full story, click here.