Coal

Prophecy Resource Corp. (TSX VENTURE:PCY)(PINK SHEETS:PRPCF)(FRANKFURT:1P2) is pleased to report the successful completion of its spring exploration program on its 100% owned Chandgana-Khavtgai license in Khentii aimag (province), Mongolia.

Sherritt International Corporation (TSX:S) announced that its Board of Directors has approved a quarterly dividend, with respect to the second quarter of 2010, of $0.036 per common share, payable July 14, 2010 to shareholders of record as of the close of business on June 30, 2010. This regular dividend is an “eligible dividend” as defined in the Income Tax Act.

TransAlta Corporation (TransAlta) (TSX:TA) (NYSE:TAC) reported that the company has been named for the second consecutive year to the Jantzi list of the 50 most responsible corporations in Canada for 2010.

Coal company L&L Energy Inc (LLEN.O) intends to buy at least a 51 percent stake in Shunda Mining Co, including two coal mines and a coal washing facility, in a bid to tap into higher demand for coal and energy in China.

Rare Earth Metals Inc (TSX VENTURE:RA) announced it has signed a binding Letter Agreement with Mid Atlantic Capital Associates SL (Mid Atlantic) for the optioning of the Company’s Hinton Coal Project, located in western Alberta.

Grande Cache Coal Corporation (TSX:GCE) announced its financial and operating results for the three and twelve months ended March 31, 2010.

Homeland Energy Group Ltd. (TSX:HEG) advised shareholders on the process for participating in the Rights Offering previously announced June 2, 2010.

Indonesian coal miner PT Bayan Resources (BYAN.JK) has revised down its 2010 coal production forecast to 13-13.5 million tonnes, as rains hampered output and shipments.

Thelon Capital Ltd. (TSX VENTURE: THC)(FRANKFURT: TFHC) reported that the company has signed a Letter of Agreement to lease or purchase the Jellico Coal Project, which consists of approximately 6000 acres of fee simple land in the Campbell and Claiborne counties, located approximately thirty-five miles north of Knoxville Tennessee.