Coal

On Wednesday, Indonesian coal miner, PT Tambang Batubara Bukit Asam (PTBA.JK)reported its railway consortium is in talks with private equity funds including two China-based investors, for the $1.3 billion project in Sumatra.

Griffin Coal Mining Co reported that it will start the sale of its Collie coal mines and stake in its Bluewaters Power Project in Western Australia by June.

Songzai International Holding Group, Inc. (OTCBB: SGZH), a Chinese leader in coal production and exploration in the People’s Republic of China, reported record financial results for the full year ended December 31, 2009.

Radar Acquisitions Corp. (TSX VENTURE:RAC) reported that the company has signed a licensing agreement with C2E Global Ltd, a Honk Kong Company, for the exclusive rights to a proprietary Coal to Liquids Technology.

North American Gem Inc. (TSX VENTURE:NAG) reported that it has finalized the acquisition of an additional 650 acre multi-seam coal lease in Knox County, Kentucky which will be known as the Gilliam Hill Lease.

Homeland Energy Group Ltd. (TSX:HEG) reported that they are continuing to pursue the necessary information required to complete the consolidation of the company’s 2009 yearend financial statements.

Clean Coal Technologies, Inc. (PINKSHEETS: CCTC) reported that as a result of assessments conducted using the same power plant simulation model developed by the US Department of Energy in conjunction with Carnegie-Mellon University, their patented clean coal technology could reduce GHG emissions significantly when used in a coal-fired plant.

Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PCYRF)(FRANKFURT:3P1) and Red Hill Energy Inc. (TSX VENTURE:RH) reported that their respective shareholders have approved merging the Companies by way of a Plan of Arrangement.