CIBC: Met Coal Price Showing Signs of Life

CIBC: Met Coal Price Showing Signs of Life

In its latest Base Metals Monthly Watch, CIBC notes that on May 28, the seaborne metallurgical coal price saw its largest rise since November 4 of last year. Overall, CIBC is forecasting an average met coal price of $114.

5 Top Coal Stories for Q1 2015

The first quarter of 2015 didn't bring much relief for the coal price and coal companies.

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Company News

Springvale Coal Mine Extension May Face Further Opposition

Australian Mining reported that even though the Springvale coal mine extension has been recommended for approval by the Planning and Assessment Commission, it may face opposition from the state and federal government amid claims that it will also affect Sydney's water supply.

Glencore to Pay Third Party to Market Coal

The Sydney Morning Herald reported that Glencore would pay a third-party, within its global chain, a fee to market and distribute its coal as it moves to close its Singapore office.

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Company Videos

Morien Resources Looks to Purchase Other Royalties in 2015

Morien Resources Corp. (TSXV:MOX) CEO John Budreski, spoke to Resource Investing News at the Vancouver Resource Investment Conference 2015 about the Donkin Coal Project in Nova Scotia, Canada.

Fortune Minerals (TSX:FT) Troy Nazarewicz Talks Anthracite Coal in BC

Fortune Minerals Ltd. (TSX:FT) Investor Relations Manager Troy Nazarewicz spoke to Resource Investing News at the Vancouver Resource Investment Conference about its two advanced projects: NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories, and the Arctos Anthracite project in British Columbia.

INN Video: Stefan Szary of Saturn Minerals Inc.

Saturn Minerals Inc. (TSXV:SMI) Director Stefan Szary spoke with Resource Investing News about his company's coal, oil and gas assets in Saskatchewan. Mr. Szary said that investors should consider Saturn Minerals because "we have one of the largest coal seams in Canada: 89 meters, shallow, right by a rail, and in the course of that, we have oil and gas seeps and 1500 square kilometres of oil and gas rights as well, in the Williston Basis."

Market News

Indian Thermal Coal Imports Set to Rise

Mining Weekly reported that Indian thermal coal imports are expected to see a tick upwards in coming months. Projections have been set at 200 million tons of imports for the year, but that could increase by 15 to 20 percent with a lack of rain during the monsoon season, according to the news outlet.

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