MicroCoal Technologies Up 13 Percent on JV Announcement

MicroCoal Technologies Up 13 Percent on JV Announcement

MicroCoal Technologies ticked upward on the news that it has partnered with an affiliate of Hong Kong's Jiu Feng Investments in order to help advance its processes in Asian markets. MicroCoal has developed patented clean coal upgrading technology to improve the usability of lower-rank coals.

Court Ruling Hits Indian Coal Market

India has finally followed through on its threat to cancel coal mine permits, with 98 percent of permits given to companies in the last 20 years officially cancelled.

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Company News

MicroCoal Technologies Secures China Partnership

MicroCoal Technologies (CSE:MTI) has entered a joint venture agreement with an affiliate of Jiu Feng Investments. The agreement will see the creation of a corporation domiciled in Hong Kong, in which MicroCoal will hold a 51 percent equity interest and a majority position on the board of directors.

Peabody Energy Reports Bigger Losses

The Wall Street Journal reported that Peabody Energy (NYSE:BTU) recorded bigger losses for its September quarter, year over year, mostly on the back of weak coal prices.

Corsa Coal Files Technical Report for PBS Coals Properties

Corsa Coal (TSXV:CSO) reported that it has filed an NI 43-101 technical report for properties controlled by its wholly owned subsidiary, PBS Coals. Corsa Coal acquired PBS in August of 2014, as well as PBS's Pennsylvania properties.

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Market News

India to Overtake China as Biggest Coal Importer

The Financial Times reported that there is a strong argument among many miners and traders to support the idea that India may soon be the world's largest importer of coal, bumping China from first place.

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