SouthGobi Resources Ltd ( CVE:SGQ) announced that the Mineral Resource Authority of Mongolia (MRAM) has officially registered the company's Soumber coal deposit.
On Tuesday, Indonesia’s parliament passed a much anticipated coal and mining law intended to raise government revenues and provide easier access for foreign investment. However, many feel the regulations outlined in the new law will only deter investment.
The metallurgical coal industry is set to face significant declines in price, according to analyst’s forecasts. Bloomberg conducted a survey of a nine-analyst panel whose median forecast placed the price of coking coal at $200 a tonne by April 2009. The individual forecasts ranged from $140 to $305 a tonne.
Get our independent commentary on coal trends and companies delivered to your inbox.
