Saturday, 17 Dec 2011
According to the National Energy Administration, China Coal Corporation is down nearly 30%, after it was reported that China's power consumption rose 9.91% to 383.6 kWh in November from a year earlier, the slowest growth in three months.
According o the Bohai-Rim Steam-Coal Price Index China's benchmark power coal price averaged CNY 830 per tonne in December 7 to 13 down by CNY 10 per tonne or 1.2% from previous week. China's benchmark power coal price has sustained WoW declines for five weeks running as of November 8. The cumulative decline amounted to CNY 23 per tonne or 2.7% in the past five weeks. The Bohai-Rim Steam-Coal Price Index covers spot prices at six major coal shipping ports in northern China.
China Coal Corp announced yesterday that it has, subject to TSXV final approval, closed a non-brokered private placement of 4,195,996 units at five cents per unit, each unit to consist of one China Coal common share and one non-transferable share purchase warrant with each warrant to entitle the holder to purchase one additional China Coal common share at a price of 30 cents for a period of two years from closing. The gross proceeds of the financing are CAD 209,799.80
According to the National Energy Administration, China Coal Corporation is down nearly 30%, after it was reported that China's power consumption rose 9.91% to 383.6 kWh in November from a year earlier, the slowest growth in three months.
According o the Bohai-Rim Steam-Coal Price Index China's benchmark power coal price averaged CNY 830 per tonne in December 7 to 13 down by CNY 10 per tonne or 1.2% from previous week. China's benchmark power coal price has sustained WoW declines for five weeks running as of November 8. The cumulative decline amounted to CNY 23 per tonne or 2.7% in the past five weeks. The Bohai-Rim Steam-Coal Price Index covers spot prices at six major coal shipping ports in northern China.
China Coal Corp announced yesterday that it has, subject to TSXV final approval, closed a non-brokered private placement of 4,195,996 units at five cents per unit, each unit to consist of one China Coal common share and one non-transferable share purchase warrant with each warrant to entitle the holder to purchase one additional China Coal common share at a price of 30 cents for a period of two years from closing. The gross proceeds of the financing are CAD 209,799.80
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