Peabody (NYSE:BTU), Consol (NYSE:CNX), Yanzhou (NYSE:YZC) Rally, Market Ignores Mixed Media Reports

Coal mining stocks made a nice move Friday, along with other energy stocks, as major coal companies like Consol Energy (NYSE:CNX), Yanzhou Coal Mining (NYSE:YZC) and Peabody Energy (NYSE:BTU) ended all up, and smaller coal miners such as International Coal Group (NYSE:ICO), Puda Coal (AMEX:PUDA) and Westmoreland Coal (AMEX:WLB) all closed up five percent or more.

The Market Vectors Coal ETF (NYSE:KOL) also made a big move, closing at $39.57, gaining $0.78, or 2.01 percent.

The usual announcement by some government around the world, in this case, South Africa, came announcing they're going to cut back on coal usage, but the fact remains coal is still a major part of generating electricity around the world, and that isn't going to change any time soon, in spite of assertions to the contrary.

Analysts like Walter Energy Walter Energy (NYSE:WLT) among all the coal miners, which has soared over the last three months, closing up Friday at $85.67, gaining $4.26, or 5.23 percent.

Puda (AMEX:PUDA) Files Registration Following Powerful Quarter

Puda Coal, Inc. (AMEX:PUDA), a consolidator of coal mines in China, as well as producer of clean metallurgical coal, has filed a registration with the U.S. Securities and Exchange Commission Tuesday in order to be able to sell any combination of Common Stock, Preferred Stock, Warrants and Units for up to $90 million.

Earnings for Puda in the last quarter were $0.36 a share, while the street was looking for $0.24 a share. Revenue came in at $82 million.

Sales of clean coal in the quarter rose to 601,000 metric tons, a 36.5 percent gain over last year in the same quarter. The average selling price of the coal increased to $137 a metric ton, up 25.7 percent over last year.

Gross margins almost doubled for 7.5 percent last year to 14.7 percent this year.

Profits grew to $12.1 million, soaring 235.2 percent.