China has made no secret that it is in the process of diversifying its power production and, logically, through that process thermal coal will begin to represent an increasingly smaller percentage of the total energy produced.
Continue reading "Coal Forecasts Revised Amid Reports of Slowing Chinese Demand"
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.
Tuesday, May 25, 2010
Central Petroleum Limited (ASX:CTP) has announced that its wholly-owned subsidiary company, Merlin Coal Pty Ltd has made three new applications under the Mining Act of the Northern Territory. The application covers 3,000 km2 in Pedirka Basin in central Australia. John Heugh, Central’s Managing Director is quoted saying: “Publically released results of the 2009-2010 coal seam [...]
Continue reading "Central Petroleum Announces Application in Pedirka Basin"
Wednesday, May 12, 2010
Cliffs Natural Resources, a US coal- and iron-ore miner, has announced its increase on the company’s common shares by 60 percent. By close of business on May 14, 2010, the quarterly dividend will be increased to $0,14 a share. This is payable on June 1, 2010. CFO Laurie Brlas is quoted saying: “Cliffs’ outlook for [...]
Continue reading "Cliffs Increases Quarterly Dividend to $0,14 A Share"
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, March 18, 2010
U.S. coal companies are looking to diversify. Just a few years ago the industry enjoyed a boom in coal-fired power plant development, but growing concern for global warming and rising construction costs gave natural gas and renewable-energy plants an edge.
Continue reading "Coal: Diversify to Mitigate Losses?"
Wednesday, October 21, 2009
Demand for coal to generate electricity and make steel in China and India is expected to grow by 7-8% annually in the next five years, leaving the world chronically short of the fuel. Moreover, currencies linked to coal have outperformed both their emerging market and G-10 peers.
Continue reading "Coal: The Dark Horse In Waiting"
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Monday, August 16, 2010