Couldnt find a thread that covered this one, so here goes.

Im adding it to my bisi coal shares as the Chinese and India Economic Industrialisation process gathers more pace. Coal prices are rising by the day and some of the contracts signed worldwide are twice what they were at this time last year. I do hear that there is a lot of news flow to come from WTN so this should move the price along upwards throughout the year.

There appears to be no stopping for WTN in Canada and on our own market.

Check out the the latest news on http://www.westerncoal.com as Western Canadian Coal Obtains Six-Year Purchase Commitment from POSCO and Western Canadian Coal Appoints BNP Paribas as Project Finance Advisor for Wolverine recently. Let's hope that this little gem will brighten spirits for all.

DYOR.

cheers GF.

Hoy ethel get your purse out and buy a few of Western Canadian, youl be sorry if you dont.

cheers GF.

Looking forward to this coming week with these, now showing real strength.

cheers GF.

Stuck in a upward trend channel, needs to burst through the roof to make gains.

cheers GF.

Dont sell off, the markets getting a shock taste of reality. There will be a bounce in the US.

cheers GF.

Just out from Killik brokers....................

Sentiment in the near term appears to have turned with active profit taking in the second liners after a terrific run to the start of the year. How far things will come back is the obvious key question but so far, it does not appear as if too much stock is coming out and this feels more like a healthy correction rather than something more significant.

cheers GF.

Western Canadian Coal Corp
24 February 2005


Western Canadian Coal Corp. ('the Company' or 'WCCC')

Director's shareholding

The Company was notified on 23 February 2005 that Gordon Bub, a non-executive
director of the Company, sold 37,100 shares on 23 February 2005 at an average
price of C$6.10.

Following this sale, Gordon Bub is interested in 8,000 shares in the Company,
which represents 0.01% of the issued share capital of the Company.



This information is provided by RNS
The company news service from the London Stock Exchange

Done badly over the last few days theres no getting away from that, but at its present price it gives you an opportunity to get in very cheaply, very cheaply indeed.

cheers GF.

GF - I've taken some profits on others recently and have been looking at Gold and Coal. Your expecting some upward movement on WCCC then?

Yes especially after this from Broker Killik morning notes today..........




NEWS IN BRIEF



Shares in the London Stock Exchange trade lower as funds look to short the stock based on the expectation of a prolonged and possibly unsuccessful bid from the Deutsche Boerse. Rexam, the can manufacturer posted strong results and the shares have moved higher to 463p. Care UK has been written up as a buy in the Investors Chronicle. A previous recommendation of our Research department, the stock is pushing through to new highs in morning trade and looks great on the chart. Cambrian may be worth a further look as at its shares consolidate around the 2 level which we deem as cheap. One of its big investments Western Canadian should be in town in the next couple of weeks whereby it will have a clearer idea of its contracted coal rate for the coming year. Initially, money was raised with a $45-50 per tonne range but expect it to be in the $95-110 following the price increase in coal.

cheers GF.

GF - Thanks. Sooner44

With the expected surge in world coal prices following the chinese announcement that they will not have enough coal for their needs,let alone for exporting,I believe that investing in this industry with all the ancillary techniques involved,i.e.ventilators,compressors,waste recycling etc.is imperative.I am also looking at UK Coal,UKC..which gives 7.75%dividend and owns an enormous land bank,which will become even larger as the open-cast mining operations will be closed down due to councils refusing permission for this environmentally damaging activity.Interestingly,the announced closing down of Wellbeck colliery has been avoided since management finally agreed to new working hours that satisfied the unions.This is good news in an industry fraught with labour disagreements.Would it be possible to re-open some of the mines at Selby if the price for coal proves tempting enough?I hope that management do not end up in a legal tussle with DRAX....force majeure and all!I respect your opinion,Goldfinger.Thanks,Ethel

Hi Ethel,

yes quite right the price of coal is rising on the world markets but be very carefull with with UK Coal as its contracts dont run out until later this year, nor sure when but they were signed at about 1/3rd the price of coal today.

They also have all this land and property and if it were to be sold the company would arguably be worth with its cash pile, about 450p on the market but obviously that is a long term factor.

Like you say the increasing price of coal will and should give longer life to this countrys mines and its workers. Three other cos to look at are Bisichi and Anglo Pacific and also ATH who have more or less said they will fill the gap UK have left at present.

Im in Bisichi and this one at present and West Canadian are here for 2 weeks doing the rounds in the city.

cheers GF.

Don't forget Palmaris Capital who own 23% of Scottish Mining.This is Scotland's biggest coal mine.It's fixed price contracts expire this year and will benefit from the higher coal prices.

Presentations to City Brokers start today.

cheers GF.

Excelent news this morning I can se this one really taking off when the Yanks open up.

March 3, 2005

NEMI Northern Energy & Mining and Western Canadian Coal Corp. Announce Formation
of Belcourt Saxon Limited Partnership

NEWS RELEASE

Vancouver, B.C. March 3, 2005 - NEMI Northern Energy & Mining Inc. (TSX-V:
NNE.A) ('NEMI') and Western Canadian Coal Corp. (TSX-V: WTN and AIM: WTN)
('Western') are pleased to announce that further to their news release of
November 12, 2004, they have completed the formal documentation for their joint
venture on the Belcourt and Saxon properties. The 50-50 partnership (operating
as the Belcourt Saxon Limited Partnership) has been formed to further explore
and develop the Saxon and Belcourt coal properties, located in northeastern
British Columbia.

The partnership agreement contemplates expenditures of up to $20 million to
increase the confidence-level of coal resources in areas evaluated by historical
feasibility and other mining studies, to prepare new feasibility-level studies
on areas identified as having surface mining potential, and to advance those
portions of the properties that, to date, have seen limited exploration. NEMI
and Western have each closed equity financings recently to providing funding for
their respective commitments.

Mr. Charles Pitcher, P.Eng. will head up the management of the Limited
Partnership. Mr. Pitcher has 35 years of mining experience; over much of the
past 10 years his work has been in international project development and for the
last 2 years in project management of Western's current coal projects.

Saxon and Belcourt underwent extensive exploration and delineation drilling in
the 1970's and early 1980's, and feasibility reports were prepared which
indicated the potential for large scale coal mining operations on four main
areas; namely, Red Deer, Holtslander, Saxon East and Saxon South. The Belcourt
Saxon Coal Limited Partnership will update the existing information and acquire
new data in order to expand and reclassify the coal resources within the main
deposit areas with a view to developing operations that can support production
levels in the range of 6 to 10 million tonnes per year. Combined historical
resource estimates for the four main potential surface mineable areas are in
excess of 150 million tonnes.

NEMI Northern Energy & Mining Inc. Western Canadian Coal Corp.
per: per:

'P.C. Devlin' 'Gary K. Livingstone'
President President

cheers GF.

SP Down 11p this morning. Nice turn around now. Looking good GF

SP slightly down...perhaps mystery buyer ;-) Sure this will move upwards when Canada wakes up.

Its up in Canada now on high volume aswell.

cheers GF.

From Killik Brokers morning notes.....................

As an aside, Western Canadian Coal management is in London next week to meet investors and we shall be looking for an update on the coal price they have secured from their producing mine.

cheers GF.

These have been dissapointing over the last week or so, just hope these London Investor meetings are going to perk them up.

cheers GF.