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Colonial Coal International Entered Into Letter of Agreement for Private Placement and Flatbed Property Interest Acquisition

May 2, 2016 | Colonial Coal International (TSXV: CAD) has announced it has entered into a new letter agreement with an investor group that provides for terms and conditions of each of a proposed private placement of units of CCI together with the corresponding agreement by the investor group to acquire a 10 percent  … Read More

BHP Not Looking to Bargain Hunt For Cheap Coal Assets

April 25, 2016 | BHP Billiton (NYSE:BHP) won’t be taking advantage of cheaply priced coal assets amid the weak market environment, the Sydney Morning Herald reported.

As quoted in the publication:
Mike Henry, the newly minted president of BHP’s minerals operations in Australia, has warned that the coal industry’s downturn could last longer than in previous cycles.

Mr  … Read More

SouthGobi Resources Announces Fourth Quarter and Full Year 2015 Financial and Operating Results and Update on Ovoot Tolgoi Resource Estimate

March 29, 2016 | HONG KONG, CHINA–(Marketwired – March 29, 2016) – SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (“SouthGobi” or the “Company”). The Company today announced its financial and operating results for the quarter and the year ended December 31, 2015. All figures are in U.S. Dollars unless otherwise stated.

Significant Events and Highlights

The Company’s significant events  … Read More