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.

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.

Western Canadian Coal (WTN) Company meeting
KILLIK & Co MORNING NOTE - 08 March 2005
Paul Kavanagh


Listed on AIM and the Toronto Exchange, Western Canadian Coal has a market capitalization of around 184 million. A further 20 million shares are outstanding under warrants and options which would bring in a further 30 million of cash if exercised to add to the current 50 million held on the balance sheet. The company began production at its Dillon mine in British Columbia in Canada at a rate of 60,000 tonnes per month. The coal mined here is known as PCI, an effective substitute for hard coking coal with current spot prices around US$100 per tonne. We would expect an announcement in the next two to three weeks from the group as to the general rate they have settled but do not expect it to be too far from this point. This contract price will last for 12 months. At present, the current consensus sees PCI coal at similar levels for 2007 before declining to US$85 in 2007 and US$60 in 2008 on which financial models are built.



The Dillon mine has a production cost of around $50 per tonne so the margin is healthy and it is expected to lower this by around $5 to $6 through production efficiencies. This cash flow along with cash balances will be used to finance the Wolverine project which would allow production to increase to potentially 2.4 million tonnes (up from current 720,000 tonnes) by the financial year to March 2008. The company is fully financed for the anticipated 75 million construction cost assuming exercise for the options (and not taking on board debt). The target is for 3 million tones production in the following year at which point, it should flatten out. Should all of the above take place on time, then it is realistic to be thinking of profitability of around 80-90p a share by 2008 which also assumes a fairly sharp fall in the price of coal of around 40% from current levels.



Western Canadian also owns a speculative position in a joint venture with NEMI to exploit a mine some 100 km south of the Wolverine project. The resource is anticipated to have a 290 million tonne resource with potential to produce 6-10 million tones per year (i.e. at least doubling there then anticipated current production capacity). A total of 8.5 million has been committed in total by the two partners to produce a feasibility study which include the build of a new railway to transport the coal. To put this into context, Asia Energy, which has been a star performer of late, is a 400 million prospect with generally lower quality thermal coal. Clearly, construction costs would have to come from new finance (unless coal prices have held up longer than anticipated and a friendly debt facility is in place).

Overall, the outlook for Western Canadian looks very promising. The stock, at C$5.35 (below the recent CS$6.10 placing price) looks too cheap and we would be buyers into weakness. Holders of Cambrian Mining gain access through its 37% (fully diluted) stake.

Superb post Troys ;-)

Flying high in Canada (allow 15 mins delay):

Symbol Price $ Chng % Chng Volume Exchange*
WTN 6.200 +0.340 +5.80 1,035,752 VN
WTN.WT 0.000 +0.000 +0.00 0 VN

...forgot to include RNS on Mar 11, 2005 as follows:

Western Canadian Coal Corp.
900 - 580 Hornby Street
Vancouver, B.C.
V6C 3B6

Phone 604-608-2692
Fax 604-684-0682
Email info@westerncoal.com



TSX Venture:WTN

NEMI Northern Energy & Mining Inc.
200 1055 West Hastings Street
Vancouver, BC V6E 2E9
Telephone: (604) 689-0277
Fax: (604) 688-5210
info@nemi-energy.com

TSXV: NNE.A Western Canadian Coal Corp.
900 580 Hornby Street
Vancouver, BC V6C 3B6
Telephone: (604) 608-2692
Fax: (604) 629-0075
info@westerncoal.com

TSXV: WTN
March 11, 2005

N E W S R E L E A S E
NEMI Northern Energy & Mining and Western Canadian Coal Clarify Historical Coal Resources held by Belcourt Saxon Coal Limited Partnership

Vancouver, B.C. March 11, 2005 - NEMI Northern Energy & Mining Inc. (TSX-V: NNE.A) ("NEMI") and Western Canadian Coal Corp. (TSX-V: WTN and AIM: WTN) ("Western") announce that further to their news release of March 3, 2005 they wish to clarify the source of the historical coal resource estimates for the Belcourt and Saxon coal properties located in northeastern British Columbia, in accordance with National Instrument 43-101.

Historical resource estimates within proposed open pits for the Red Deer, Holtslander, Saxon East and Saxon South deposits were prepared by the following independent consultants:

Monenco Consultants Pacific Ltd., Saxon Project Feasibility Study (1977): estimated in-place coal resources for the Saxon South open pit deposit at 72.3 million tonnes (Mt).
Wright Engineers Ltd., Belcourt Feasibility Study (1982): estimated in-place coal resources at 107 Mt and 63 Mt for those portions of the Red Deer and Holtslander pits that fall within the current Belcourt licence block.
Norwest Mine Services Ltd., Report on the Saxon East Coal Property (1997): estimated in-place coal resources at 48 Mt.
Beacon Hill Consultants (1988) Ltd., Belcourt Project Qualification Report (1998): estimated in-place coal resources for Red Deer at 33 Mt and for Holtslander at 23 Mt.
Norwest Mine Services Ltd., Belcourt Project Preliminary Feasibility Study (2000): estimated in-place coal resources for Red Deer at 32 Mt and for Holtslander at 13 Mt.
These resources were estimated at stripping ratios ranging from approximately 4.5: 1 to 9.5: 1.

The resource estimation procedures and classification criteria for these proposed pits did not always conform to guidelines presented in GSC Paper 88-21 or National Instrument 43-101. Consequently, the Belcourt Saxon Coal Limited Partnership (the Limited Partnership) does not consider these estimates to be current and therefore they should not be relied upon.

The combined historical resource estimates for the four main potential surface mineable areas are in excess of 150 Mt. These historical resource estimates are relevant as they cover those parts of the project that are the focus of work currently being undertaken by the Limited Partnership. The estimates are based upon extensive detailed geological mapping, diamond and rotary drilling, surface trenching and underground bulk sampling conducted by major mining companies between 1970 and 1980, plus data from drilling undertaken by Western on Holtslander in 1998.

A recent review of Saxon by JHP Coal-Ex Consulting Ltd (February 2004), re-stated and re-classified historical resource estimates for Saxon East and Saxon South as follows:



Indicated (Mt)
Inferred (Mt)
Speculative (Mt)



Saxon East
53.1
55.0
111.0

Saxon South
-
4.19
18.74


The inferred and indicated resources were classified as in-place and of immediate interest; speculative resources were classified as in-place and of future interest. The indicated resource at Saxon East closely conforms to the surface mineable area outlined by Norwest in 1997. Resources for Saxon South were accepted as reported by Monenco, but adjusted to account for a portion of the resource that lay outside the property boundary.

Based upon mining studies conducted to date, the Limited Partnership considers the properties to have the potential to support significant mining operations. Therefore, it is the intent of the Limited Partnership to advance the project to feasibility. Work is currently underway on engineering scoping studies and environmental reviews, to be followed by a field programme designed to fully delineate the resources and conduct environmental baseline studies.


NEMI Northern Energy & Mining Inc.
per:

P.C. Devlin
_______________________
P.C. Devlin
President Western Canadian Coal Corp.
per:

Gary Livingstone
_______________________
Gary Livingstone
President

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.


Note: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by the companies with the TSX Venture Exchange and/or documents filed on SEDAR, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The companies undertake no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Excelent return to form.

cheers GF.