James River Coal (JRCC +11.2%) shares are strong in the wake of better than expected Q2 results,...

|By:, SA News Editor

James River Coal (JRCC +11.2%) shares are strong in the wake of better than expected Q2 results, and CEO Peter Socha says the market for power-generating coal is showing signs of a recovery following industry-wide cutbacks in production. JRCC says it had reached agreements to ship ~816K tons of thermal and met coal at an average price of $114.83/ton in 2012.