Coal

On Thursday, Brazil’s MPX (MPXE3.SA) reported that the company has bought an area of land in Colombia on which it will build a 20 million-tonne-a-year coal export terminal.

SUEK, Russia’s top steam coal producer, has picked five investment banks to handle a London initial public offering (IPO) in the second quarter.

Red Hill Energy Ltd. (Red Hill) (TSX VENTURE:RH) and Prophecy Resource Corp., (Prophecy) (TSX VENTURE:PCY)(OTCBB:PCRYF)(FRANKFURT:3P1) reported announce that their respective Boards of Directors have unanimously approved a letter agreement dated January 20, 2009 (“LOA”) in respect of a friendly transaction to combine the companies through an all share transaction. The combined company is hereinafter referred to as “new Prophecy”.

Amalfi Capital Corporation (TSX VENTURE:ALI.P) announced that the shareholders of CDR Minerals Inc. at a meeting of shareholders held earlier today, approved the terms of the previously announced amalgamation, pursuant to which a wholly-owned subsidiary of Amalfi will amalgamate with CDR and continue as one company under the Business Corporations Act.

Canasia Industries Corporation (TSX VENTURE:CAJ) (OTCBB:CANSF) (FRANKFURT:45C) reported that the geologists overseeing the recently announced Mexico gold prospect are now on the property.