Coal Forecasts Revised Amid Reports of Slowing Chinese Demand
China has made no secret that it is in the process of diversifying its power production and, logically, through that process thermal coal will begin to represent an increasingly smaller percentage of the total energy produced.
Coal Demand in China to Continue Climbing
The International Energy Agency’s announcement that China overtook the United States as the world’s largest power-consuming nation in 2009 is promising news for coal producers. While other nations are turning away from coal power, it accounted for 70 percent of China’s total energy consumption last year. And, even with China’s National Energy Administration...
Coal Supply Tightens
By Desmond McMahon—Exclusive to Coal Investing News Analysts expect coal prices to continue to rise after a strong first quarter performance with demand from China and the United States putting increased pressure on limited supply. And, The World Bank approved funding for a massive coal-burning plant in South Africa. Steel-making coal prices jumped 22 percent [...]
Coal: Diversify to Mitigate Losses?
U.S. coal companies are looking to diversify. Just a few years ago the industry enjoyed a boom in coal-fired power plant development, but growing concern for global warming and rising construction costs gave natural gas and renewable-energy plants an edge.
Smoking Hot: Coal Is On Fire
Thursday, February 18, 2010
Obama's budget proposals have come in for flak, given that it is clearly set to scale back tax breaks and other incentives for domestic production of coal.
New Oriental Energy & Chemical Corp. Responds to NASDAQ Request for Plan to Achieve Minimum Shareholder Equity Requirement
New Oriental Energy & Chemical Corp. (NASDAQ: NOEC), a China-based specialty chemical and emerging coal-based alternative fuel manufacturer, reported that on Friday, August 27, 2010, the Company outlined in a letter to the NASDAQ Stock Market the steps it is undertaking to achieve compliance with NASDAQ’s minimum shareholder equity requirement of $2,500,000.
Solitaire Minerals to Receive Cash and Shares From AM Gold Inc.
Solitaire Minerals Corp. (CVE:SLT) reported that AM Gold Inc., formerly known as Acero-Martin Exploration Inc., has entered into an agreement to settle its outstanding debt with Solitaire in the amount of $300,000.
Sparton Reports Second Quarter Financial Results
Sparton Resources Inc. (CVE:SRI) reported its unaudited financial statements for the three month and six month periods ending June 30, 2010.
CBM Asia’s Partner Medco Energi Spuds First of Three Planned Coalbed Methane Exploration Wells in South Sumatra
CBM Asia Development Corp. (CVE:TCF) announced that Jakarta-based PT Medco CBM Sekayu, a wholly owned subsidiary of PT Medco Energi CBM Indonesia, its operating partner on the Sekayu coalbed methane production sharing contract, has notified the Company that the second coalbed methane exploration well in the Sekayu Production Sharing Contract block located in the South Sumatra Basin, Indonesia, was spud on Saturday, August 28, 2010.
South African ARM Financial Year earnings down
On Monday, South African diversified miner African Rainbow Minerals (JNB:ARIM) reported a 26 percent drop in full-year headline earnings, hit by a strong rand and lower prices for iron ore and manganese.
North American Gem Inc. Shipping Coal
North American Gem (CVE:NAG) reports its shipping and selling coal has began. The main focus of NAG’s leasing and permitting strategy is to acquire and develop properties in areas where mining has occurred before the enactment of the Surface Mining Reclamation and Control act of 1977. North American Gem’s President and CEO, Charles Desjardins says: “NAG is looking [...]
North American Gem Considers Offers to Sell or JV
North American Gem Inc. (CVE:NAG) reports that it is considering offers on its Louise Lake copper deposit , British Columbia, Canada. The road-accessible property is near a full-service community with excellent access to highway, rail and electrical infrastructure. For complete news, click here. For North American Gem’s company profile, click here.
Corsa Capital Ltd.: Proposed Acquisition Transaction and Private Placement
Corsa Capital Ltd. (TSX VENTURE:CSO) announced that it has entered into an agreement dated August 16, 2010 with Wilson Creek Energy, LLC and the owners of Wilson Creek, pursuant to which Corsa will acquire Wilson Creek, subject to the terms and conditions of the Agreement, including the completion of the Private Placement.
Kent Exploration Inc.: Flagstaff Mining Permit Received
Kent Exploration Inc. (CVE:KEX) announced that it has received Approval from the Spokane office of the United States Bureau of Land Management permitting the Company to conduct Mining Operations to mine up to 100,000 tons of Barite per year from its 100% optioned Flagstaff Barite Property.
Teck Announces Pricing of US$750 Million of 7 and 30 Year Notes
Teck Resources Limited (TSE: TCK.A and TCK.B, NYSE: TCK) announced that it has priced its previously-announced offering of senior unsecured notes.
Asides 
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Monday, August 16, 2010