Gulfside Minerals Limited declared that the Company has signed final Share Purchase Agreements with two private Mongolian companies to acquire 100% interest in three Mining Exploration Licenses encompassing the Khar-khonkhor Brown Coal Deposit and the Onjuul Brown Coal Deposit located within the Choir-Nyalga Coal Basin situated in SW Mongolia. For full story, click here
After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.
China has discovered a new coal field containing more than 13 billion tonnes of proven coal reserves in the northwestern region of Xinjiang, the China News Service reported on Monday. The 1,400 square-kilometre Sha'erhu coal field, located in the county of Shanshan in eastern Xinjiang
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.
Cash Minerals Ltd. announced that it has closed its previously announced non-brokered private placement offering of 5,600,000 units at a price of $0.25 per unit. For full story, click here
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