Western Canadian Coal Corp (TSX:WTN) are to host its annual and special meeting of shareholders on September 29, 2009 at 10:00 am. At the Meeting, shareholders will be asked to approve a resolution to change the name of the Company to Western Coal Corp. Management and the Board of Directors believe the new name better [...]
Western Canadian Coal Corp declared its operating results for the three month period ended June 30th 2009. Despite the backdrop of the global economic recession where demand for metallurgical coal has fallen, the Company generated over USD 17 million of cash from operations during the first fiscal quarter 2010 through improved productivity and lower cash [...]
The U.S. Energy Information Administration has sharply raised its forecast of U.S. coal exports next year to 24 percent more than 2009 exports, citing expectations of international economic recovery. For full story, click here
Reports reveal that state-owned steel giants SAIL and RINL have negotiated the current fiscal’s long-term coking coal prices with global suppliers at $115-125 per tonne, which is over 60 per cent lower than what the companies had paid in the last financial year. For full story, click here
India declared that it may allow commercial coal mining by private companies, a step likely to help global miners such as Vale and Rio Tinto. For full story, click here
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