Americas Energy Company Completes Initial Financing
Americas Energy Company (OTCBB: AENY) and Americas Energy Company, Inc. (“AECo”), reported today that AECo has completed its initial $1,000,000 financing.
Archive for 2009
Lamberts Point to restart after breakdowns
On Wednesday, it was reported that Norfolk Southern Corp’s (NSC.N) Lamberts Point coal export terminal is expected to be back in full operation by Friday, after two conveyor belt failures halted loadings last weekend.
China issues first 2010 coal export quotas
On Wednesday, it was reported that China has issued its first batch of coal export quotas for 2010 at 25.5 million tonnes.
INTERNATIONAL ENERGY update
INTERNATIONAL ENERGY LTD., INC. (PINKSHEETS: ILGL) announced that it is open for business and is starting to roll the assets of the corporation’s previously announced business plan onto the books / balance sheet, as assets, of International Energy.
SouthGobi Energy Resources closes Mamahak Project Sale
SouthGobi Energy Resources Ltd. (TSX:SGQ) reported that the company has closed the sale of its Mamahak coal project to Kangaroo Resources Limited, as previously announced on December 15, 2009.
Sherritt International's new appointment
Sherritt International Corporation (TSX:S) reported the appointment of John R. Moses and R. Peter Gillin as Directors, effective January 1, 2010. Messrs.
Oracle Coalfields enters into MOU
Oracle Coalfields PLC (PLUS: ORCP), the UK developer of a 1.4 billion tonne coal deposit in southern Pakistan, reported that the Company has entered into a Memorandum of Understanding (MOU) with the Karachi Electric Supply Company (KESC), a local power utility company.
Cash Minerals terminates agreement
Cash Minerals Ltd. (TSX VENTURE:CHX) reported that the company has agreed to terminate its agreement to acquire the Agnew Lake properties from Nyah Resources Corp.
Walter Energy to Start Longwall production
Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium coking coal for the global steel industry, reported that the company has started longwall production at its Mine No. 7 East expansion.
Coal term prices expected to rise in China 2010
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year’s levels. This is due to the demand for power has been roaring back due to steady economic recovery.
