HOUSTON, Aug. 20 (Coal Geology) — Far East Energy Corporation announced today that it has agreed to sell an aggregate of approximately 105.5 million shares of its common stock at a price of $0.33 per share for aggregate gross proceeds of approximately $34.8 million in a registered direct offering. “We intend to use the net [Continue]
SINGAPORE, Aug. 19 (Coal Geology)– Platts – China’s apparent* oil demand slowed in July, dropping from June’s record high of 36.74 million metric tons (mt) to 35.82 million mt or about 8.47 million barrels per day (b/d), according to the just released Platts analysis of official data from the People’s Republic of [Continue]
Beijing, Aug 17 (Coal Geology) At least 10 people were trapped when a coal mine in northeast China’s Jilin province was flooded last Tuesday, the local government said. The accident happened at 12:10 a.m. (local time) at Hongyuan Coal Mine in Erdaojiang district of Tonghua, the third largest city in Jilin Province, the safety administration [Continue]
CITY OF INDUSTRY, CA — (Coal Geology) — 08/16/10 — US China Mining Group, Inc. (OTCBB: SGZH), a Chinese leader in coal production and exploration in the People’s Republic of China, today announced its financial results for the second quarter ended June 30, 2010. For the three months ended June 30, 2010, the Company recorded [Continue]
TAIYUAN, Shanxi, China, Aug. 13 (Coal Geology) — Puda Coal, Inc. , a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China and a consolidator of twelve coal mines in Shanxi Province, today announced that the Company will host a conference call to discuss its second quarter 2010 [Continue]
