North American Gem (CVE:NAG) reports its shipping and selling coal has began. The main focus of NAG’s leasing and permitting strategy is to acquire and develop properties in areas where mining has occurred before the enactment of the Surface Mining Reclamation and Control act of 1977. North American Gem’s President and CEO, Charles Desjardins says: “NAG is looking [...]
Continue reading "North American Gem Inc. Shipping Coal"
Tuesday, July 27, 2010
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 [...]
Continue reading "North American Gem Inc. Receives Complete Approval to Mine"
Tuesday, July 20, 2010
The International Energy Agency’s announcement that China overtook the United States as the world’s largest power-consuming nation in 2009 is promising news for coal producers. While other nations are turning away from coal power, it accounted for 70 percent of China’s total energy consumption last year. And, even with China’s National Energy Administration predicting coal consumption will supply only 63 percent of the country’s energy by 2015, investor and analysts are still bullish about coal in China.
Continue reading "Coal Demand in China to Continue Climbing"
Wednesday, June 23, 2010
North American Gem Inc. reports it has reached its regulatory milestone in the permitting process for its property. The new Mine permit number #816-0513 has been assigned to North American Gem US, Inc., (NAG US) and has been recorded as North American Gem #2 Mine in Knox County, Kentucky.North American Gem US, Inc. has completed the required public [...]
Continue reading "North American Gem- Has Reached Regulatory Milestone"
Wednesday, June 23, 2010
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.
Thursday, May 27, 2010
Sumitomo Metal Industries, Japan’s third-biggest steelmaker said that BHP Billiton Ltd (BHP:ASX) has requested for more than 10% rise in the price of coking coal for the July-September quarter. Takeshi Osawa, senior fund manager at Norinchukin Zenkyoren Asset Management is quoted saying: “The rebounds of stocks are weak, meaning the news of the price hikes [...]
Continue reading "BHP Requests 10% Coal Price Hike"
Friday, May 7, 2010
Mechel (MTL.N), Russian premier Coking coal and steel producer raised only $229 million and caused marred issuance due to market turmoil. The press release is quoted as saying: The sale was for 30.50 million preferred American Depository Shares (ADS) and was priced at $7.50 per preferred ADS, the company said. That is well below the [...]
Continue reading "Mechel Faces Investor Risk Aversion"
Wednesday, May 5, 2010
Coal prices in Indonesia rose on strong demand from India and China. Indonesian coal has been offered at around $75 a tonne with a heating value of 6,300 kcal/kg. The price will increase up to $70-71 a tonne early this month. One trader was quoted saying, “they can’t buy from Australia due to port constraints, [...]
Continue reading "Coal Prices in Indonesia Rose on China and India Demand"
Thursday, April 15, 2010
By Desmond McMahon—Exclusive to Coal Investing News Analysts expect coal prices to continue to rise after a strong first quarter performance with demand from China and the United States putting increased pressure on limited supply. And, The World Bank approved funding for a massive coal-burning plant in South Africa. Steel-making coal prices jumped 22 percent [...]
Continue reading "Coal Supply Tightens"
Thursday, January 28, 2010
Coal prices firm up.
Continue reading "Coal Market Leaps To Life"
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Monday, August 23, 2010