Western Canadian Coal Corp (TSX:WTN) are to host its annual and special meeting of shareholders on September 29, 2009 at 10:00 am. At the Meeting, shareholders will be asked to approve a resolution to change the name of the Company to Western Coal Corp. Management and the Board of Directors believe the new name better [...]
Read the full article: "Western Canadian to hold special meeting"
Monday, September 21, 2009
Coal prices have risen 30 per cent from their low in March. However, for the second half of 2009, there are still risks of tight coal supply. In China, many domestic producers have arbitraged the low offshore prices with higher onshore prices, which has made demand look stronger than it was. So, correction is expected in the new two months. However, strong demand for thermal coal in China and India is expected to help Asia avoid the first fall in imports for a decade this year, and push import growth even higher in 2010.
Read the full article: "Back In The Black"
Wednesday, September 16, 2009
India is on a coal buying spree ad the nation is scrambling to cover an expected shortfall in domestic supply. Coal majors are entertaining all levels of deals, from minority stakes in mines to becoming an operator. Many are chasing stakes in large-scale mines of 10 million to 15 million tonnes a year. Also being eyed are mid-sized thermal coal blocks in Australia.
Read the full article: "India Seeks Coal"
Wednesday, September 2, 2009
Britain is set to encounter widespread power shortages within eight years due to the country’s switch to cleaner energy generation, according to forecasts contained in a government report. A growing reliance on intermittent renewable energy sources, such as wind, is set to exacerbate the problem.
Read the full article: "Britain: Head In The Sand?"
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Tuesday, September 29, 2009