This excerpt taken from the CNX 8-K filed Oct 25, 2007.
Higher Prices Expected
The current global consumption of both metallurgical and steam coal, transportation and infrastructure constraints in some coal exporting countries, the decline in production year-over-year in most U.S. coal basins, and the extension of the U.S. cooling season into mid-October, has created rising demand for our coal, said Harvey. In the short-term, we expect to capitalize on the opportunity through higher realized pricing. Harvey noted that the company currently is selling its high-Btu, mid-sulfur Pittsburgh 8 seam coal at the mine in the $52-$55 range for 2008 delivery to Europe.
Harvey said that, in the mid-term, the company has the ability to take advantage of this longer and more robust global cycle of coal demand by prudently investing both in its coal production capacity and in its transportation infrastructure.