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.

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.

Western Canadian Coal settles coal prices with north Asian steel mills
AFX


LONDON (AFX) - Western Canadian Coal Corp said following talks with north Asian steel mills it settled a price of more than 100 usd a tonne for its low volatile pulverized coal injection (LV-PCI) coal for the year starting April 1, 2005.

In addition, the company's six-year contract for delivery to POSCO of 2.8

mln tonnes of coal during the period has been confirmed following the successful trial shipments of LV-PCI coal in the first quarter of 2005.

WCCC's Burnt River LV-PCI coal is exported to major steel mills in north Asia including POSCO of South Korea, Baosteel of China, China Steel of Taiwan and four major Japanese steel mills.

On March 11, the company applied to amend its Dillon Mine annual production limit from 240,000 tonnes a year to a continuous monthly rate of 80,000 tonnes.

Based on approval of the Dillon Mine amendment this quarter, the company would expect to produce and sell about 800,000 tonnes of LV-PCI coal for its fiscal year to end March 2006.

'The agreed pricing reflects the continued strong demand for LV-PCI coal,' said Gary Livingstone, WCCC's president and chief executive.

newsdesk@afxnews.com

jc

Western Canadian Coal Corp
05 April 2005



Western Canadian Coal Settles Coal Prices with Steel Mills, Applies for
Increased Production, And Prepares Application for New Mine Permit

Vancouver, B.C. April 5, 2005 - Western Canadian Coal Corp. (TSX-V: WTN and AIM:
WTN) ('WCCC' or the 'Company') is pleased to announce that coal price
negotiations with the north Asian steel mills have concluded with settlement
prices for the Company's low volatile pulverized coal injection (LV-PCI) coal
for the contract year commencing April 1, 2005 in excess of US$100 per tonne.
These settlements reflect current international coal market prices for premium
quality LV-PCI coal.

In addition, the Company's six-year contract for delivery to POSCO of 2.8
million tonnes of coal during the period to POSCO has now been confirmed
following the successful trial shipments of LV-PCI coal in the first quarter of
calendar 2005.

WCCC's Burnt River LV-PCI coal is exported through Ridley Terminals at Prince
Rupert to major steel mills in north Asia including POSCO of South Korea,
Baosteel of China, China Steel of Taiwan and four major Japanese steel mills.
The Company is also exporting coal to Europe and is expanding its market
development activities in both the Asian and Atlantic regions, to meet growing
demand for both LV-PCI and hard coking coal.

On March 11, 2005, the Company submitted an application to the BC Ministry of
Energy and Mines to amend its Dillon Mine annual production limit from 240,000
tonnes per calendar year to a continuous monthly rate of 80,000 tonnes. The
proposed change in mine production rate would not increase the mine disturbance
footprint or the total waste mined but would allow the Company to mine out the
small deposit at an accelerated rate. Based on approval of the Dillon Mine
amendment this quarter, the Company would expect to produce and sell
approximately 800,000 tonnes of LV-PCI coal for its fiscal year ended March 31,
2006. This quarter's planned LV-PCI coal exports will include the balance of the
trial shipments previously contracted in 2004 as well as new shipments to the
Company's customers in Asia at the new contract-year prices.

Given the growing demand for premium quality LV-PCI coal, WCCC is working
towards applications for an Environmental Assessment Certificate ('EA
Certificate') and mine permit on the proposed adjacent Brule Mine. A Brule
Project Description report was submitted to the BC Environmental Assessment
Office in January 2005 and the application for the EA Certificate is expected to
be submitted by the third quarter of 2005.

Gary K. Livingstone, WCCC's President and CEO, stated 'The Company's sales to
Asia are now fully committed for the coal year ending March 31, 2006 and the
agreed pricing reflects the continued strong demand for LV-PCI coal as well as
an acknowledgement by our customers of the premium quality of our product. The
amendment for Dillon and the anticipated large mine application for Brule will
establish the Company as a significant LV-PCI coal producer'.

About the Company:

WCCC currently has two groups of coal properties under exploration and
development planning in British Columbia: Wolverine and Brazion. The Company is
focused on development and production for the international markets of 5 million
tonnes of coal per year by fiscal 2009, comprising 2 Mt/annum of LV-PCI coal
from the Brazion group and 3 Mt/annum of hard coking coal from the Wolverine
group. Additionally, WCCC holds a 50% interest in the Belcourt Saxon Coal
Limited Partnership formed to further develop the Belcourt and Saxon group of
coal properties in Northeast British Columbia.

For further information please contact
Mr. Gary K. Livingstone, President & CEO, Western Canadian Coal Corp.
Ph 604-608-2692, E-mail:
info@westerncoal.com
Website:
www.westerncoal.com


WESTERN CANADIAN COAL CORP.

'Gary K. Livingstone'

President and Chief Executive Officer

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Note: This release contains 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 Company 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
Company undertakes 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.



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

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

Western Canadian operations update
This AIM listed coal mining group has been described as the jewel in
the crown for the Cambrian Mining stable of investments. And when
that stable includes the 10x return achieved from Asia Energy that is
some claim. Yesterday, the company announced contract terms
agreed on the pricing of its coal for the year ahead. We understand
that a price around $103 per tonne which is at the top end of the
range achieved globally and justifies the wait and see approach the
company took.
The current market capitalization of around 180 million looks cheap
given prospects. The company should be moving towards production
of around 2 million tones per year over the next twelve months and
has the necessary finance to take this up to 5 million tonnes from
current owned assets. At over $100 per tonne, one can see the
revenue potential and margins are very high. Market observers
Cambrian Mining
Tactical Buy
Price: 194p
Price target: 306p
Risk rating: 7
Market cap: 149m
expect coal to remain at a storng price for 2006 before forecasting
this to decline in 2007 onwards as new production comes on stream.
Western Canadian in its budgeting looks to $55 from then (which
looks very conservative) on which it expects production costs to be
about $15.
The shares look good value on production levels alone but this
ignores the possible upside on its NEMI joint venture. This has the
potential for 10 million tonnes of annual production and whilst still at
an early stage, the funding is in place to develop this through to a
bankable project. Cambrian Mining, as a 40% shareholder, remains
a discounted route into Western Canadian Coal. We have reduced
our Cambrian Mining risk rating from 9 to 7, to reflect the significant
improvement in the companys liquidity since we initiated the
recommendation in October 2004.

cheers GF.

Any news anyone?

It's been a while since this post was last updated. Here is my contribution...

Fellow WTN'ers,

Nice to see some movement overnight in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.650 +0.250 +7.35 260,370 T
WTN.WT 0.250 +0.000 +0.00 0 T

Good to see more buys in the UK today as the sells appear to be overdone in my opinion:

Time Price Quantity Type Bid Offer Buy/Sell Total Buy Total Sell Total Unknown
16/06/05 14:11 157.0 5,000 O 148.0 158.0 Buy 8,300 0 0
16/06/05 11:37 155.0 3,300 O 148.0 158.0 Buy 3,300 0 0

FYI,

Todays Candlestick Patterns:

Four Price Doji
Bearish Harami Cross

Today a Four Price Doji was formed. It represents complete and total uncertainty in the market direction.

The last two candlesticks formed a Bearish Harami Cross Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

...as this stock is news-driven, this stock has reached it's all time low and could be time to see a bounce.

Hang on tight and DYOR...


Cheers,


OracleDBA2004

Currently trading over 8% up...