Uncategorized Directory

Thelon Capital Ltd. – Approximately 14 million tons of Inferred Coal Reserves

Thelon Capital (CVE:THC) is an exploration and development company focused on the Appalachian mining district. Thelon’s goal is to capitalize on the global surging energy demand and construction infrastructure growth through supplying metallurgical, thermal and specialty coals. Its flagship property is the wholly owned Jellico Coal Project located in Tennessee, USA.

Cliffs Natural to acquire Freewest Resources shares

Freewest Resources Canada Inc. (TSX VENTURE:FWR) today announced that the company has entered into an Arrangement Agreement with Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF). According to the agreement Cliffs will acquire all of the shares of Freewest in a Board-supported transaction with a total estimated value of C$150.6 million, or C$0.70 per Freewest share.

Coal Crisis have fueled trouble for NALCO

A 110 mw unit of Nalco’s captive power plant here was shut down yesterday due to a shortage of coal. The dip in power generation affected aluminium production, prompting company officials to discuss the coal supply issue with MCL authorities. For full story, click here

Coal: Bullish On The Long Term

We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.

Coming Soon…

Check back soon for profiles of leading coal companies.