AMERICAN COAL INDUSTRY--ITS STRUCTURE AND FINANCING

This study illuminates the activities of 21 selected coal mining companies, including their subsidiaries or affiliates, which were responsible for more than half of the total U.S. coal production in 1973. The selected coal firms are not necessarily coal producers per se. Many of the larger producers are classified by the financial institutions as petroleum, metal, and steel producers, public utilities, or chemical industries. Coal produced by steel producers, public utilities, and chemical companies is known as captive production; such coal is used as one of the ingredients for the end product. Today, about 65% of the nation's total coal production is consumed by electric power utilities and 26% by steel, space heating, and other industries; the balance of 9% is exported. This paper discusses financial approaches utilized to evaluate the economic health of the coal industry and suggests rates for return necessary to attract capital required to meet emerging coal demand.

  • Supplemental Notes:
    • Presented at the AIME Annual Meeting, 104th, in New York, New York, 16-20 February 1975.
  • Corporate Authors:

    American Institute of Mining, Mettalurgy & Petroleum Engineers

    345 East 47th Street
    New York, NY  USA  10017
  • Authors:
    • Johnson, R E
    • Tomimatsu, T T
  • Publication Date: 1975-2

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00156243
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Report/Paper Numbers: Proceeding
  • Files: TRIS
  • Created Date: Jul 19 1977 12:00AM