Reuters reported that European coal futures continued their descent, hovering around levels not seen since the beginning of the global financial crisis in 2008 on news that a resolution to the Colombian coal strike is likely in sight.
Bloomberg reported that China intends to begin trading coking coal futures.
With booming demand and a growing global community of market participants, coking coal swaps signal an evolution in the coal marketplace.
Sherritt International Corporation (TSE:S) reported that it is scheduled to release its third quarter 2010 earnings results on Wednesday October 27, 2010, before markets open. The release will be followed by an analyst conference call at 2:00 p.m (Eastern Time).
Southern Arc Minerals Inc. (CVE:SA) announced that, subject to TSX Venture Exchange acceptance, it has entered into an option and joint venture agreement with Vale S.A. , through its wholly-owned subsidiary Vale International S.A., regarding its East Elang and Sabalong properties.
Homeland Energy Group Limited (TSE:HEG) announced that it has completed a debt financing of US$29 Million provided by GMR Energy.
Royal Coal Corp. (CVE:RDA) announced that it has exercised its right to issue additional notes pursuant to the terms of a note purchase agreement dated September 30, 2009 among the Company, Juno Special Situations Corporation, as agent and the noteholders from time to time party thereto.
Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced that it has priced its previously announced offering of senior unsecured notes.
CanAm Coal Corp. (CVE:COE) announced the closings of the second and third tranches of an aggregate of $535,000 of its unsecured convertible redeemable debentures.
Novadx (PINK:NDXFF) announced that its wholly owned subsidiary, MCoal Corporation has entered into an option agreement dated August 12, 2010, to acquire a mineral deed from The Miami Land Company, of Chattanooga, Tennessee.
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