After a dismal 2012, the Coal Industry looks to be on the upswing as a recent report from the International Energy Agency predicts global coal demand over the next five years to grow at an average of 2.6 percent a year. The Market Vectors-Coal ETF (KOL) has gained nearly 7 percent over the last month. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Alpha Natural Resources, Inc. and Peabody Energy Corporation.
PHI Group, Inc., a company focused on energy and natural resources, announced today that it has signed a definitive agreement to acquire 70% of equity ownership in PT. Tambang Sekarsa Adadaya ("TSA"), an Indonesian company, in exchange for cash and stock.
Canada Coal Inc. (the "Company" or "Canada Coal"), is pleased to announce that it has applied for an additional 11 coal exploration licences within the Fosheim Peninsula region on Ellesmere Island. Once granted, these licences will add an additional 280,000 acres to Canada Coal's project area in key areas surrounding planned exploration drill targets, taking the Company's total coal licence holdings to 86 licences covering approximately 2,722,627 acres.
Norfolk Southern has completed a major upgrade to its Lamberts Point export coal transload facility in Norfolk, positioning it to remain the largest and fastest coal transload facility in the Northern Hemisphere. More commonly known simply as Pier 6, the facility transfers coal hauled by train from Appalachian coal fields to ships bound for world markets.
L & L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or "Company"), a Seattle-based company with track record of profitable coal operations in China, announced that it has entered into a strategic project agreement with Taggart (Beijing) Engineering Ltd. ("Taggart"), an affiliate of Taggart Global, to jointly expand each other's coal businesses in China.
A major review of evidence on the impact of coal mining has highlighted serious, ongoing health and social problems and an urgent need for improvements in government coal mining policy.
PHI Group, Inc., a company focused on energy and natural resources, today announced that the Company has signed new Letters of Intent to acquire two coal concessions with total estimated resources of approximately 210 million metric tons in South Kalimantan and West Sulawesi, Indonesia.
Xstrata Coal, a global exporter of thermal coal, has announced changes to its coal operations in Australia.
Signal Peak, a bituminous coal mine located in Montana's Bull Mountains, is "pulling ahead" and on track to becoming a world class mining operation, in both production and safety, reported mining industry m...
Coalspur Mines Limited (ASX: CPL, TSX: CPT) is pleased to announce the completion of a positive Scoping Study which confirms the potential for an economic and technically feasible underground longwall mine at the Company's wholly owned Vista Extension property.
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