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 [...]
Twenty-nine coal projects meant for power generation in the country are awaiting environmental clearance. For full story, click here
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.
The Coal Ministry has suggested scrapping linkages for two of the projects of India’s leading power producer NTPC, saying the proposed units are unlikely to come up in the 11th Five Year Plan (2007-12). For full story, click here
Delays in implementation of projects may now cost steel and power companies their captive coal mines. For full story, click here
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