Coal

On Monday, it was reported that Indian cement maker Ultratech (ULTC.BO) is seeking 500,000 tonnes imported steam coal for delivery starting from end-May.

Finning International Inc. (TSX:FTT) reported that its Canadian division has been awarded a renewal of its current lease agreement with Teck Coal Limited.

On Thusrday, South Africa’s Optimum Coal Holdings Ltd, a majority black-owned coal mining and exploration company, reported that the company will list on the JSE on March 29 seeking to raise 1.6 billion rand ($215.6 million).

Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) reported that the company has been informed by the operator that the drill permits for the Reed Lake Prospect have been approved by the Manitoba government.

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) reported the closing of the sale of a one-third interest in the Waneta Dam to BC Hydro for C$825 million.

China’s Shanxi Province, traditionally the country’s top coal producer, reported that the company expects its coal output to rise by up to 30 percent in 2010.

Commodity trader Glencore [GLEN.UL] is reported to buy back its Prodeco coal mines from Xstrata (XTA.L) for about $2.5 billion.

Food-to-power conglomerate San Miguel Corp (SMC.PS) (SMCB.PS) plans to build a 150-300 megawatt coal-fired plant in southern Philippines.