Wall Street News Alert: Market Watch: YZC, CIO, BTU — October 1, 2009
WESTON, FL- Wall Street News Alert’s “stocks to watch” are: Yanzhou Coal Mining Co. Ltd. , Asia Special Situations Corp. and Peabody Energy Corp.
To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word “equities” in the subject line to 68494. Read more
MCoal Corporation Files Rosa Coal Mine Permit Application
NovaDX Ventures Corp.’s wholly-owned subsidiary, MCoal Corporation (”MCoal”), reports on its progress on the Rosa Coal Mine Project:
The Alabama Surface Mining Commission (”ASMC”) has finished its completeness review and has accepted for filing MCoal’s mine permit application for the first phase of auger mining at the company’s Rosa Coal Project in Blount County, Alabama.
Neil MacDonald, CEO of NovaDX, commented that, “MCoal has met a significant milestone in the development of the Rosa Coal Project. Together with permit applications we have pending with the Alabama Department of Environmental Management and the Army Corps of Engineers, this milestone completes our permitting applications required for the Rosa Coal Project. We are now advertising our mine plans in the local community and over the next sixty days will be responding to the ASMC with respect to any public comment that may arise. We expect to receive all necessary permits by the end of August and begin mining operations in September.” Read more
MCoal Corporation Files Rosa Coal Mine Permit Application
NovaDX Ventures Corp.’s wholly-owned subsidiary, MCoal Corporation (”MCoal”), reports on its progress on the Rosa Coal Mine Project:
The Alabama Surface Mining Commission (”ASMC”) has finished its completeness review and has accepted for filing MCoal’s mine permit application for the first phase of auger mining at the company’s Rosa Coal Project in Blount County, Alabama.
Neil MacDonald, CEO of NovaDX, commented that, “MCoal has met a significant milestone in the development of the Rosa Coal Project. Together with permit applications we have pending with the Alabama Department of Environmental Management and the Army Corps of Engineers, this milestone completes our permitting applications required for the Rosa Coal Project. We are now advertising our mine plans in the local community and over the next sixty days will be responding to the ASMC with respect to any public comment that may arise. We expect to receive all necessary permits by the end of August and begin mining operations in September.” Read more
Yanzhou Coal raises price by 4 pct for coal contracts for power generation
Yanzhou Coal Mining Co., Ltd., a coal producer based in Yanzhou city of east China’s Shandong Province, has settled 4.29-million-ton coal contracts for power generation at a price of 463.86 yuan/ton, up four percent, or 17.83 yuan, from one year prior.
The move may break the deadlock of coal price negotiation between coal producers and power enterprises in China this year.
Despite the four percent growth, this year’s price equals last year’s level, since added value tax on coal enterprises has been raised from 13 percent to 17 percent as of January 1, 2009.
China’s coal and power enterprises have been negotiating on coal supply and price for months. The five major power generators and China Resources (Holdings) Co., Ltd. insist on a price cut by 50 yuan/ton from last year’s 460 yuan/ton, while coal producers want to raise the price by 80 yuan/ton. Read more
Southern Energy Announces Private Placement
Southern Energy Company, Inc. (Pink Sheets:SOCI), a publicly traded resource exploration company, is pleased to announce it has entered into an agreement with a private Hong Kong investment firm for a non-brokered private placement whereby the Company will issue up to 4,000,000 shares of common stock of the Company at a price of $1.00 per share for aggregate gross proceeds of up to $4,000,000. The Company plans to draw from this subscription on an as needed basis. The Company plans to utilize the net proceeds from this private placement for the preparation of its properties for production, as well as for the general working capital of the Company. Under the terms of the non-brokered private placement, the Company plans to draw between $1,200,000 and $4,000,000 in aggregate funds, in keeping with its plan to commence production on the Lota Bay Coal Concessions and commence a major geological work program on the Catalina Silver, Copper, and Gold Property later this year. Read more
Seminole Group Colombia Allocates 300,000 MT’s of Tin Ore to be Sold at a Discount of Market Value
While researching mining property, geologists discovered high grade Tin (Sn02) ore-Cassiterite. Recently, the company made available allocations of 300,000 metric tons to issued to brokers, resellers, and end users interested in purchasing tin at a discount of the market value.
“We were completing a study on thousands of acres of land encompassing a mining claim we knew had tin ore according our scouts, says Alex Correa, President of Seminole Enterprises Group, Inc. What is amazing is that the dark black tin ore rock is visible almost everywhere you look. Slightly kick the ground and you just kicked about a 0 worth of rocks! Now that we know what we got, we are trying to figure out just how many thousands, or even millions of metric tons of “in the ground reserves” that we have! The quality and quantity of this tin makes it one of our better investments to date. As a result, we decided to make it our springboard for financing other valuable projects we have on our plate including tin and tantalum ore processing in Colombia, tin smelting in Asia, and one of our personal favorites, anything and everything having to do with coal.
“This might seem crazy but our organizations really could use an extra 450 million dollars (300,000 metric tons of tin ore profits) for some of the specialty projects we had originally planned to do in Colombia. We never really planned to go into tin ore mining, it sort of fell into our laps and then became the answer to our prayers. It is hard to get money in this day and time, even if you got billions of dollars in the ground. Banks are afraid to lend money nowadays and most investors are afraid to invest since the downfall of the US economy. Now we can see ourselves internally financing all of our projects, which is breather to see the light at the end of the tunnel. There are a lot of mining owners in Colombia that have billions of dollars of proven mineral reserves and can’t even rub two nickels together because they lack the funding to start up operations. I know of one miner that has geological proof of about a billion dollars worth of high grade steam coal that needs only a million dollars for mining equipment and incidentals to start operations, now it looks like we can add him and a few others like him to our lists of investments. We feel like pioneers here, grabbing dirt for pennies on the dollar.”
There are a total of 1,000 allocations of 300 metric tons each that will be issued. They can be issued to one party, or to a thousand. Either way we are mining and selling the ore and the goal is to sell it quick, which is the purpose of why the allocation program was created.
A unique feature of these allocations are the fact that once we make the allocation, the tin ore is then titled into the name and ownership of the Client being issued the allocation, even before it is mined out of the ground. We then will sell it. Even if the Client is a reseller or intermediary by occupation, we handle all the details from A-Z. There are hundreds of millions to be made, or saved in the case of end users subscribing to our allocations.
The details and terms of our tin ore allocation program can be reviewed and are made available only after a formal written email request. All inquiries are held strictly confidential. We as a company are not looking to borrow money or sell equity so please, any lenders or fundraisers, no inquiries unless this is for your personal interest. We don’t want to here that you are loaning money, or want to buy or sell our equity.
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