Poten & Partners

German hard coal imports seen up 2-3 million tonnes in 2011

German imports of hard coal are likely to rise by between 2 and 3 million tonnes over last year's 45 million tonnes, importers said on Monday, citing steel industry demand and needs to replace nuclear power generation. "The increases will be relatively

Mitsui to buy into Australia's Cockatoo coal project

TOKYO, July 8 -- (Kyodo) _ Mitsui & Co. will pay 3.27 billion yen to acquire a 49 percent stake in a coal mining project in Queensland, Australia developed by Cockatoo Coal Ltd., Mitsui officials said Friday. The Japanese trading house and the Australian

Centre urges Jharkhand to ensure speedy operationalisation of coal blocks

New Delhi, July 7 (ANI): Union Coal Minister Sriprakash Jaiswal has urged the Jharkhand Government to bring all its allocated coal blocks in operation as early as possible to ensure more availability of coal. During a meeting with Jharkhand Chief

Upper Canada Gold Corp issues shares for services

Upper Canada Gold Corporation announced on Monday today that it has issued 34,286 common shares to a consulting company controlled by Upper Canada's Chief Financial Officer.

Central banks in emerging markets increase gold reserves on growing economic concerns

The total gold reserves of central banks worldwide fell by 9.6 per cent between 2000 and 2008 but has subsequently increased by 2.2 per cent from 29,870 tonnes in 2008 to 30,535 tonnes at the end of 2010. This is mainly a result of rising demand for gold from central banks with surplus liquidity in some emerging markets, such as China, India, Russia and oil producing countries in the Middle East region.