Articles Tagged "coal mines"

SouthGobi Resources Signs Two Additional Coal Supply Agreements
SouthGobi Resources Signs Strategic Alliance Agreement

SouthGobi Resources Announces Sales and Operations Update

SouthGobi Resources Ltd. (TSE:SGQ) reports an update on sales, operations and personnel changes. The press release is quoted as saying: SouthGobi is significantly revising its second half 2010 sales volume guidance to approximately 1.5 million tonnes. The company previously indicated sales volume for the second half of 2010 would not be substantially different from the sales volume [...]

SouthGobi Resources Announces Sales and Operations Update

North American Gem Applies for Multiple Coal Exploration Permits

North American Gem(CVE:NAG) reports its application for multiple coal exploration permits to the Kentucky Department of Natural Resources. These permits applications are for the North American Gem #2 Mine, North American Gem #3 Mine (Swan Pond Lease), Gilliam Hill South Lease, and the Arkle Hollow Lease. For complete news release, click here. For North Amercian Gem’s company profile, [...]

North American Gem Applies for Multiple Coal Exploration Permits

North American Gem Inc. has Commenced Mining Blue Gem Coal

North American Gem Inc. (CVE: NAG) reports it has began mining Blue Gem and Thermal (Jellico seam) coal at the North American Gem #2 Mine in Knox County, Kentucky. Kentucky Mine Partners LLC (KMP) is performing the mining operations at the North American Gem #2 Mine. Initial production of the Blue Gem and Thermal coal is [...]

North American Gem Inc. has Commenced Mining Blue Gem Coal

North American Gem Inc. Receives Complete Approval to Mine

North American Gem (CVE:NAG) reports that the Kentucky Department of Natural Resources approved the mining application allowing immediate production to begin at North American Gem #2 Mine in Knox County, Kentucky, USA. Blue Gem Coal commands a price as much as 200% higher than high-quality steam coal and is typically the highest priced grade of coal produced [...]

North American Gem Inc. Receives Complete Approval to Mine

North American Gem Inc. Correction to Permit Number for North American Gem #2 Mine

North American Gem reports a correction to its permit number for North American Gem #2 Mine in Knox County, Kentucky. The correct permit application number is #861-0513. For complete news release, click here. For North American Gem’s company profile, click here.

North American Gem Inc. Correction to Permit Number for North American Gem #2 Mine

Coal: Future outlook remains strong

Along with most in the commodity sector, the coal industry will likely take a hit in 2009, but many analysts are confident that coal demand along with prices will rebound in 2010. As energy demand from developing countries like China and India recovers, we’ll once again see upward movement in the coal price.

Coking coal price cuts

The metallurgical coal industry is set to face significant declines in price, according to analyst’s forecasts. Bloomberg conducted a survey of a nine-analyst panel whose median forecast placed the price of coking coal at $200 a tonne by April 2009. The individual forecasts ranged from $140 to $305 a tonne.