CONSOL Energy Inc.

Canonsburg, PA United States

  (NYSE: CNX)

Company Description

Consolation prizes don't interest CONSOL Energy. CONSOL is one of the US's largest coal mining companies, along with Peabody Energy and Arch Coal. The company has some 4.5 billion tons of proved reserves, mainly in northern and central Appalachia and the Illinois Basin, and produces about 59 million tons of coal annually. CONSOL primarily mines high BTU coal, which burns cleaner than lower grades. Customers include electric utilities and steel mills. CONSOL delivers coal using its own railroad cars, export terminals, and fleet of towboats and barges. The company also engages in natural gas exploration and production; its proved reserves total 1.9 trillion cu. ft.