Cardero Reaches Agreement on Coal Shipments with Ridley Terminals
Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced it has agreed to terms regarding coal shipments from its British Columbia-based Carbon Creek deposit.
Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced it has agreed to terms regarding coal shipments from its British Columbia-based Carbon Creek deposit.
Maxim Power Corp. (TSX:MXG) announced that an updated technical report increased the coal estimates at the Mine 14 metallurgical coal project.
CNBC News reported that coal prices may fall as consumers turn to natural gas.
Patriot Coal Corporation (NYSE:PCX) announced plans to decrease metallurgical coal production.
Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced the receipt of a Preliminary Economic Assessment on its British Columbia-based Carbon Creek Metallurgical Coal property.
Globe and Mail reported that coal exporters are hoping for continued Asian demand for metallurgical coal.
Platts reported that India and China will make up 68% of demand for metallurgical coal, according to BHP Billiton (NYSE:BBL).
Arch Coal’s cash purchase of International Coal Group this week represents what is expected to be commonplace within the metallurgical coal scene in 2011: an M&A revival.
Bloomberg reported that spot prices for metallurgical coal were mixed this week.
As the tragic impact of the Japanese earthquake and tsunami continues to unfold, the implication for coal markets is likely upward trends in prices.
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