Coal

Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) reported that drilling has commenced to test the highest priority targets on the Reed Lake Prospect.

North American Gem Inc. (NAG) (TSX VENTURE:NAG) reported the completion of several upgrades at the North American Tipple Facility which will increase the overall efficiency and coal capacity.

Sherritt International Corporation (TSX:S) reported that the company has filed its Annual Information Form for the year ended December 31, 2009, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 of the Canadian Securities Administrators.

Macarthur Coal Ltd (MCC.AX), the world’s largest producer of pulverized injection coal (PCI) for steelmaking, is reported to have resumed its coal shipments following the resumption of rail and port services at Dalrymple Bay Coal Terminal.

On Thursday, it was reported India’s Essar Oil (ESRO.BO) would seek shareholders’ approval next month to raise up to $1.7 billion to finance its expansion plans, while its unlisted parent said it had agreed to buy coal mines in Indonesia.

Indonesian state-owned coal miner, PT Tambang Batubara Bukit Asam Tbk (PTBA.JK) reported that the company has signed contracts for a total of $4.8 billion for a new rail project to transport its coal to a port in Sumatra.

North American Gem Inc. (NAG) (TSX VENTURE:NAG)reported that the company is nearing full production at North American Gem #1 Mine with shipments of coal being sent to market daily.

Brookfield Infrastructure Partners L.P. (NYSE: BIP) (TSX: BIP.UN) announced progress in its regulatory proceeding for the Dalrymple Bay Coal Terminal in Australia with the Queensland Competition Authority (QCA), the regulatory agency responsible for overseeing DBCT.

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) reported that the company has filed its audited annual financial statements, management’s discussion and analysis, and annual information form in respect of the year ended December 31, 2009.