DALLAS, June 7, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring International Coal Group Inc. (NYSE:ICO). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/ICO
International Coal Group Inc. (ICO) is a producer of coal in Northern and Central Appalachia with a range of mid to high British thermal unit (Btu), low to medium sulfur steam and metallurgical coal. The Company's Appalachian mining complexes are located in West Virginia, Kentucky, Virginia and Maryland. It also has a complementary mining complex of mid to high sulfur steam coal located in the Illinois Basin. ICO markets its coal to a customer base of largely investment grade electric utilities, as well as domestic and international industrial customers. The Company has three business segments, which are based on the coal regions in which it operates: Central Appalachian, comprised of both surface and underground mines; Northern Appalachian, comprised of both surface and underground mines; and Illinois Basin, representing one underground mine.
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In the report, the analyst notes:
"ICO sold 4.3 million tons of coal during the first quarter of 2010 compared to 4.7 million tons during the first quarter of 2009. Production totaled 3.9 million tons in the first quarter of 2010 versus 4.5 million tons in the same period of 2009.
"ICO recently announced that construction has resumed at its ICO Tygart Valley subsidiary's Tygart No. 1 deep mine complex in Taylor County, near Grafton, West Virginia. The Tygart No. 1 project received all essential federal and state approvals, but challenges lodged by a local anti-mining organization caused work on the project to be suspended in late 2008. Those challenges were overruled in March by the West Virginia Surface Mine Board."
To read the entire report visit: www.microstockprofit.com/lp/ICO
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