Coal Investing News

Novadx Initiates New Strategic Plan

Jody Bartley — Wed, 16 May 2012 17:23:18 +0000

Novadx Ventures Corp.(TSXV:NDX) announced the initiation of a new strategic plan which focuses on four key initiatives. The Company put the plan in place with the help of Sandstorm Metals & Energy Ltd.

China Coal Energy Increases Year Over Year Output

Jessica Oman — Wed, 16 May 2012 15:59:57 +0000

Platts reported that China Coal Energy (HSE:1898) improved its coal production by 2.4% year on year.

Concerns About Liquidity Hurt Patriot Coal Stock Price

Jessica Oman — Wed, 16 May 2012 15:57:34 +0000

Reuters reported that Patriot Coal's (NYSE:PCX) share price fell on uncertainty about the company's financial liquidity.

Lipari Releases Q1 2012 Financial Results

Jessica Oman — Wed, 16 May 2012 15:55:36 +0000

Lipari Energy, Inc. (TSX:LIP) announced financial results for first quarter 2012.

TurkPower Acquires Part of Toguchina Coal Field

Jessica Oman — Tue, 15 May 2012 20:25:09 +0000

TurkPower Corporation (OTCBB:TRKP) announced that its subsidiary company has acquired a mining lease on the Zavyalov Square Part 1 of the Russia-based Toguchina coal field.

India Seeks Mongolian Coal Acquisition

Jessica Oman — Tue, 15 May 2012 16:37:12 +0000

Mineweb reported that India is looking to secure coal supply through acquiring a coal asset in Mongolia.

Indonesia Thermal Swap Contracts Drop

Jessica Oman — Tue, 15 May 2012 16:34:58 +0000

Bloomberg reported that sub-bituminous coal swap contracts from Indonesia fell along with prices for China deliveries.

Atlantic Coal Reports Pretax Loss

Jessica Oman — Mon, 14 May 2012 16:48:08 +0000

MarketWatch reported that Atlantic Coal (LSE:ATC) released its quarterly financial results, which indicated a pretax loss for the company.

Prices Ease for Asia Spot Coking Coal

Jessica Oman — Mon, 14 May 2012 16:44:57 +0000

Platts reported that a lack of interest caused an easing of spot coking coal prices.

South Gobi Announces First Quarter Financial Results

Jody Bartley — Mon, 14 May 2012 13:43:07 +0000

SouthGobi Resources Ltd. (TSX:SGQ) announced its first quarter 2012 financial results on a conference call and audio webcast. The Company reported that direct cash costs have decreased.