Articles Tagged "development"

Cline Mining new Elk Coal Mine Development

Cline Mining Corporation reported that the refurbishment and development to commercial production of its New Elk metallurgical coal mine located in southern Colorado, U.S.A. is proceeding well and Phase I is approaching completion. For full story, click here

Better Coal Stocks to reduce power cuts

Coal supplies seems to have improved in the last one month with 68 per cent of the power plants having stock of more than seven days, a development that could lead to lesser power cuts during the summer season. For full story, click here

Coal: Bullish On The Long Term

We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.