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.

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...

Need some serious recovery on this one OracleDBA2004. A good start

Certainly requires more trading activity and news. A good start I feel with +10.83% rise. Hoping for more solid start next week.

Worth a read (a tad late though):

http://business.scotsman.com/index.cfm?id=664312005

http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2005-06-16T161151Z_01_HO627595_RTRUKOC_0_MARKETS-BRITAIN-STOCKS.xml

The FTSE index had reached a low of just over 3300 in April 28th but now at standing at 3850 and has been solid throughout

Some further news but goes to show WTN's commitment in delivery to their customers:

Press Release Source: Western Canadian Coal Corp.


Western Canadian Coal Corp. provides update on closure of Highway 29 affecting road haul to load-out
Friday June 17, 3:07 pm ET
TSX: WTN and AIM: WTN


VANCOUVER, June 17 /PRNewswire-FirstCall/ - Western Canadian Coal Corp. (TSX: WTN and AIM: WTN) (the "Company") announced today that it is continuing mining operations and shipping despite the temporary closure of Highway 29, approximately 5.5 km south of the Sukunka Road turnoff (28 km south of Chetwynd, British Columbia), due to a structural failure.
On or about 8 PM, June 13, 2005, approximately 350 metres of Highway 29, on which the Company transports coal to the Bullmoose load-out near Tumbler Ridge, was washed away. The BC Ministry of Transportation is looking to make the road passable in the short term. Initial indications by the Ministry are that a temporary road could be operational in approximately ten days.

"We have approximately 87,000 tonnes of coal stockpiled at the rail load- out and port, which provides sufficient inventory to ensure the Company continues shipping until mid-July 2005." said Gary Livingstone, President and CEO. "Ensuring a continuous supply to our customers is vital in establishing Western Canadian Coal as a significant coal producer. We have decided to continue trucking coal using Highways 97 and 52 as a detour until the Ministry can make Highway 29 passable. We are also continuing to look at other options to load our coal onto rail cars. At this time, we estimate that the additional cost of transporting our coal using the detour will be approximately $200,000 for the ten day period."

Forward-Looking Information

This release may contain forward-looking statements that may involve risks and uncertainties. Such statements relate to the Company's expectations, intentions, plans and beliefs. As a result, actual future events or results could differ materially from those suggested by the forward-looking statements. Readers are referred to the documents filed by the Company on SEDAR. Such risk factors include, but are not limited to, changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply of, or lack of demand for, the Company's products; currency and interest rate fluctuations; various events which could disrupt operations; the Company's ability to obtain additional funding on favourable terms, if at all; and the Company's ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward-looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters.



WESTERN CANADIAN COAL CORP.

"Gary K. Livingstone"

President and Chief Executive Officer


For further information please contact:

Gary K. Livingstone, President & CEO or Fausto Taddei, CFO & Corporate
Secretary, Western Canadian Coal Corp., 900 - 580 Hornby Street,
Vancouver, B.C. V6C 3B6
Phone 604-608-2692
Fax 604-629-0075
Email info@westerncoal.com, www.westerncoal.com

A solid and information RNS. Give this gem time to nuture....

Western Canadian Coal Corp
21 June 2005


Western Canadian Coal Corp. Records
Fourth Quarter Operating Profit

Vancouver, B.C. June 21, 2005 - Western Canadian Coal Corp. (TSX: WTN and AIM:
WTN) ('WCCC' or the 'Company') is pleased to provide the following corporate and
operating update including a summary of results for the three and twelve months
ended March 31, 2005:

Fourth Quarter Highlights:

The Company earned an operating profit of C$1 million for the quarter
ended March 31, 2005 on the sale of 152,000 tonnes of pulverized coal
injection ('PCI') coal at an average price of C$74.65 (US$60.63) per tonne.


The Company settled pricing for its ultra low-volatile PCI for the year
commencing April 1 2005 at slightly more than US$100 per tonne, an increase
of US$40 per tonne on the average price per tonne recorded in the first
quarter.


WCCC has made application to the BC Government to amend its Dillon Mine
annual production limit from 240,000 tonnes per year to a monthly rate of
80,000 tonnes. Subject to receipt of the Dillon Mine amendment, the Company
would expect to produce and sell approximately 800,000 tonnes of ultra
low-volatile PCI coal for its first fully operational fiscal year ended
March 31, 2006.


Subsequent to quarter-end, WCCC received a BC Government Mines Act permit
for its Wolverine project and immediately began construction of a 2.4
million tonne per year coal preparation plant, rail load-out and related
facilities that are expected to cost C$180 million. The permit allows for
production of 1.6 million tonnes annually and in May the Company made
application to amend the permit to 2.4 million tonnes. The project is being
engineered for 3 million tonnes per annum.


In February, WCCC raised C$110.3 million in net proceeds through a
private placement of 18,852,460 units at a price of C$6.10 per unit. As at
March 31, 2005, the Company had a working capital surplus of C$119.4 million
compared to a working capital deficit of C$1.3 million as at March 31, 2004.


Subsequent to quarter-end, on April 19, 2005, the Company's shares
commenced trading on the Toronto Stock Exchange ('TSX') under the symbol
WTN.

Operations

The Burnt River Property:

The Burnt River property, within the Company's Brazion Group of properties,
incorporates the Dillon Mine and the proposed Brule mine project and is located
between Chetwynd and Tumbler Ridge in northeastern British Columbia.

Full-scale production from the Company's Dillon Mine during the quarter produced
approximately 284,000 tonnes, of which 152,000 tonnes was sold for aggregate
sales revenue of C$11.3 million.

The Dillon Mine produces ultra low-volatile PCI coal. The Dillon product is
mined and crushed and requires no washing prior to shipment. The Company has
made application to the BC Government to amend its annual production limit from
240,000 tonnes per calendar year to a monthly rate of 80,000 tonnes and a
decision is expected shortly.

During the quarter, the Company submitted the Brule Project Description report
to the BC Environmental Assessment Office. The application for the Environmental
Assessment (EA) Certificate is expected to be submitted by the third quarter of
2005. Should this certificate be granted, the Company envisages production of
PCI increasing to an annual rate of 2.0 million tonnes per year by 2009.

Reflecting the strong demand for ultra low-volatile PCI and the premium quality
of WCCC's product, the Company was successful in negotiating prices of in excess
of US$100 per tonne for the year commencing April 1, 2005, an increase of US$40
per tonne over the fourth quarter's prices. Cash flow generated from these sales
will be directed toward the development of Wolverine.

Customer response to the trial shipments has been positive and WCCC confirmed
POSCO's intention to proceed in finalizing one of two long-term purchase and
sale agreements for the supply of approximately 2.8 million tonnes of ultra
low-volatile PCI coal over six years. Coal prices under the agreement would be
negotiated annually prior to the start of each contract year. Trial PCI
shipments are continuing to several other important steel mills around the
world.

The Wolverine Group:

The Wolverine Group of properties covers the Perry Creek, EB and Hermann
deposits and is located 23 km west of Tumbler Ridge, BC. In January, the Company
received its EA certificate from the BC Government enabling the development of
this group of properties to proceed. The EA Certificate covers production of 1.6
million tonnes of clean metallurgical coal per annum over a projected 11-year
period. Subsequent to quarter end, the Company received its BC Government Mines
Act permit for Wolverine and immediately began construction of the C$180
million, 2.4 million tonne per year, coal preparation plant, rail load-out and
related facilities. In May 2005, application was made to amend the permit to
allow the Company to increase the Wolverine annual coal production from 1.6
million tonnes to 2.4 million tonnes.

Production from Wolverine will be hard coking coal, the international price for
which in the current financial year has been settled at around US$120 per tonne.

Drilling of the Hermann deposit will be carried out in the current year with a
view to bringing on this mining production to supplement that of Perry Creek and
enabling the Company to achieve its objective of producing 3 million tonnes of
metallurgical coal per annum at Wolverine, and 5 million tonnes company-wide by
2009.

WCCC and NEMI Joint Venture:

In March 2005, WCCC and NEMI Northern Energy and Mining Inc. ('NEMI') completed
the documentation to formalize the Belcourt Saxon Coal Limited Partnership. The
50-50 joint venture was formed to further explore and develop the Saxon and
Belcourt coal properties, also located in northeastern British Columbia. The
companies have committed a combined C$20 million to advance the properties to
feasibility. WCCC considers the Belcourt Saxon joint venture as a vehicle
through which it will continue to expand its production beyond 5 million tonnes
per annum. Initial studies center on determining the economics for the
development of a series of large scale mines. The pre-feasibility study is
expected to be complete by the third quarter of 2006.

Financial Summary - unaudited:

(In thousands of Canadian dollars, except per March 31, 2004
share data) March 31, 2005 (As restated)
--------------------------- ------------- -------------
Cash $ 115,186 $ 97
Other current 7,041 151
Inventory 8,831 -
Total Assets 149,802 2,042

Current liabilities 11,682 1,584
Long-term
liabilities 966 -
Shareholders' equity 137,154 144
------------- -------------

Three months Twelve Months
ending March ended
31, 2005
March 31, 2005
------------- -------------
Revenue $ 11,347 $ 11,347
Cost of goods sold 10,309 10,772
Operating profit 1,038 575
Other expenses 4,388 11,547
Net loss (3,350) (10,972)

Loss per share,
basic and fully
diluted $ (0.05) $ (0.22)
------------- -------------

Included in the above balances and results are the Company's proportionate share
of its interest in and results from the Belcourt Saxon joint venture, as
follows:

(In thousands of Canadian dollars) March 31, 2005
--------------------------- -------------
Cash $ 4,829
Due from the Company 3,000
Due from NEMI 2,000
Total Assets 10,908

Current liabilities 56
Equity 10,852


Three months and year
ended March 31, 2005
-------------

Expenses $ (74)
-------------



News Release

This news release is prepared as at June 21, 2005 and should be read in
conjunction with the Company's 2004 Annual Report and the audited financial
statements and notes contained therein, as well as the interim unaudited
financial statement and MD&A's for the three, six and nine months ended June 30,
September 30, and December 31, 2004. This news release does not constitute
Management's Discussion and Analysis as contemplated by relevant securities
rules. Western Canadian Coal Corp.'s 2005 Annual Report and MD&A will be
released at a later date in conjunction with its audited financial statements
for the year ended March 31, 2005 and will be available on SEDAR at

www.sedar.com
.

Revenue

The fourth quarter of the fiscal year ended March 31, 2005 marked the
commencement of commercial sales for the Company with the first ship loading at
Ridley Terminals on January 13, 2005. The Company realized production of
approximately 284,000 tonnes and FOB sales of 152,000 tonnes for total revenues
of C$11.3 million. The average selling price realized on the four trial
shipments made during this period was C$74.66 or US $60.93 at an average foreign
exchange rate of 1.2253. Selling prices during the quarter reflect commitments
made by the Company prior to commercial production based on spot prices of PCI
coal.

Cost of goods sold

Cost of goods sold during the three months ended totaled C$10.3 million or
C$67.83 per tonne with cost of goods sold for the year ended March 31, 2005
being slightly higher at C$10.8 million or C$70.88 per tonne. Cost of goods sold
include cost of product, transportation and other, and depletion, amortization
and accretion charges as presented in the table below:

(In thousands of 4th quarter 2005 $/tonne Fiscal Year 2005 $/tonne
Canadian dollars)
-------------------- ---------- --------- ---------- ---------
Cost of
product $ 3,258 $ 21.44 $ 3,258 $ 21.44

Transportation
and other 6,140 40.40 6,140 40.40

Depletion,
amortization
and accretion 911 6.02 1,374 9.04

Total cost of
goods sold $ 10,309 $ 67.83 $ 10,772 $ 70.88
-------------------- ---------- ---------- ---------- ---------

Operating profit

Operating profit for the fourth quarter totaled C$1.0 million or 9.1% of fourth
quarter revenues and C$0.6 million or 5.0% of revenues for the year ended March
31, 2005.

Other expenses

Other expenses for the quarter and year ended March 31, 2005 amounted to C$4.4
million and C$11.5 million, respectively. Other expenses include general,
administration and selling costs, coal exploration expenses and other expenses/
(income) as presented in the table below:


(In thousands of Canadian dollars) 4th quarter Fiscal Year
2005 2005
-------------------------------- ------------- -------------

General,
administration
and selling $ 2,421 $ 6,703

Coal exploration (see change in
accounting policy below) 2,148 5,242

Other expense
(income) (181) (398)

Total other expenses $ 4,388 $ 11,547

--------------------------- ------------- -------------

General, administration and selling costs include non-cash charges for
stock-based compensation expense of C$0.6 million and C$1.9 million for the
quarter and year ended March 31, 2005, respectively.


Change in accounting policy

Accounting for exploration costs within the mining industry in Canada varies.
Junior mining companies generally capitalize all exploration costs, while more
mature companies typically expense such costs as incurred. With the commencement
of commercial production at Dillon on December 1, 2004, the Company transitioned
from a development stage company into a producing mining company. Accordingly,
the Company changed its accounting policy on exploration costs to that more
commonly used by operating mining companies, effective April 1, 2004, and
applied the new policy retroactively.

Exploration costs are charged to earnings in the period in which they are
incurred, except where these costs relate to specific properties for which
economically recoverable reserves have been established, in which case they are
capitalized. Upon commencement of commercial production, these capitalized costs
are charged to operations on a unit of production method based upon the proven
and probable coal reserves to which they relate. If the coal properties are
abandoned or otherwise impaired, the related capitalized costs are charged to
operations in the period in which the property becomes impaired or is abandoned.

Net loss

Net loss for the quarter and year ended March 31, 2005 was C$3.4 million and
C$11.0 million, respectively. The losses reflect operating profits of C$1.0
million and C$0.6 million for the quarter and year ended March 31, 2005,
respectively, offset by other expense of $4.4 million and $11.5 million,
respectively, as described above.

Forward-Looking Information

This release may contain forward-looking statements that may involve risks and
uncertainties. Such statements relate to the Company's expectations, intentions,
plans and beliefs. As a result, actual future events or results could differ
materially from those suggested by the forward-looking statements. Readers are
referred to the documents filed by the Company on SEDAR. Such risk factors
include, but are not limited to, changes in commodity prices; strengths of
various economies; the effects of competition and pricing pressures; the
oversupply of, or lack of demand for, the Company's products; currency and
interest rate fluctuations; various events which could disrupt operations; the
Company's ability to obtain additional funding on favourable terms, if at all;
and the Company's ability to anticipate and manage the foregoing factors and
risks. Additionally, statements related to the quantity or magnitude of coal
deposits are deemed to be forward-looking statements. The reliability of such
information is affected by, among other things, uncertainties involving geology
of coal deposits; uncertainties of estimates of their size or composition;
uncertainties of projections related to costs of production; the possibilities
in delays in mining activities; changes in plans with respect to exploration,
development projects or capital expenditures; and various other risks including
those related to health, safety and environmental matters.

WESTERN CANADIAN COAL CORP.

'Gary K. Livingstone'

President and Chief Executive Officer

For further information please contact:

Gary K. Livingstone, President & CEO or Fausto Taddei, CFO & Corporate Secretary,
Western Canadian Coal Corp., 900 - 580 Hornby Street, Vancouver, B.C. V6C 3B6
Phone 604-608-2692
Fax 604-629-0075
Email
info@westerncoal.com,

www.westerncoal.com



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

Flying high in Canada as of 15:08PM Canadian time

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.850 +0.280 +7.84 959,270 T
WTN.WT 0.360 -0.040 -10.00 5,000 T

Hi WTN'ers

Guess the RNS was a good one as WTN in Canada finished at a high

Symbol Price $ Chng % Chng Volume
WTN 4.000 +0.430 +12.04 1,316,530 T
WTN.WT 0.400 +0.000 +0.00 27,100 T
WTN.WT 0.400 +0.000 +0.00 27,100 T

** had reached $4.09 earlier (approx. 15% rise) but profit taking took place. 12% increase is still very respectable

I know where my money will be going tomorrow :D As always DYOR....


Cheers,


CrazyDBA

Hi WTN'ers,

Surprise to see a large rise in WTN in UK on small trading activity:

Symbol Last Trade Change Volume
WTN.L 14:44 188.00 p +21.00 +12.57% 2,200

In addition, WTN finished higher overnight in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 4.120 +0.120 +3.00 348,060 T
WTN.WT 0.450 +0.050 +12.50 12,900 T
WTN.WT 0.450 +0.050 +12.50 12,900 T

Let's see what tomorrow brings us dedicated followers...

Keep the faith and enjoy the ride back up to 2 and beyond.

Cheers,


OracleDBA2004

Forgot to add the following regarding trading activity for WTN:

Candlestick Analysis
Todays Candlestick Patterns:

White Marubozu
Bullish Kicking

Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.

For more about this candlestick click here.

The last two candlesticks formed a Bullish Kicking Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.

As always DYOR....

Morning WTN'ers,

Good to see this gem currently up though a quick and sly move from the MM's

Symbol Last Trade Change Volume
WTN.L 9:28 192.00 p +4.00 +2.13% 600

As for the individual trades:
Time Price Quantity Type Bid Offer Buy/Sell Total Buy Total Sell Total Unknown
23/06/05 09:51 185.0 5,000 O 185.0 192.0 Sell 600 5,000 0
23/06/05 09:28 192.0 600 O 185.0 192.0 Buy 600 0

Watch this fly back to the 2 barrier....hopefully by COB


Cheers,


CrazyDBA

Here she goes again in Canada as of 10:03AM canada time

Symbol Price $ Chng % Chng Volume Exchange*
WTN 4.220 +0.100 +2.43 33,295 T
WTN.WT 0.430 -0.020 -4.44 4,000 T
WTN.WT 0.430 -0.020 -4.44 4,000 T