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Is somone following Condor Resources PLC? (LSE:CNR) 500.000 unc Au 20 Mio unc. Ag MarketCap 4.3 Mio BP / 6 Mio € News yesterday: Condor’s JORC Code Compliant Resources exceeds 500,000 ounces of gold and 20 million ounces of silver with the delineation of a maiden resource at the El Gigante Prospect, El Salvador. The El Gigante mineralized structure remains open at depth and along strike in both directions. Last year strong downtrend because licence-trouble in El Salvador, but 2008 could become a good year. It seems, they are on work again.

NTPC’s plans to invest in coal assets abroad come in the wake of a $1.3 billion deal by Tata Power Company to buy stakes in two Indonesian mines in April last year. The last couple of years have marked growing concerns among Asian utilities over the security of long-term coal supplies, with other utilities in the Asian region also scouting aggressively for assets in places such as Indonesia and Australia. http://www.thehindubusinessline.com/2008/0...12952761000.htm

Jan. 28 (Bloomberg) -- Coking-coal miners in Australia, the world's biggest exporter of the raw material used in steelmaking, may lose at least 10 million metric tons of output because of flooding, Merrill Lynch & Co. said. That's equal to about 8 percent of Australia's annual coking coal exports, based on 2006 data. This month's weather forced Macarthur Coal Ltd., the world's biggest coal exporter, and Wesfarmers Ltd. to declare force majeure, a legal clause allowing companies to default on delivery commitments due to circumstances beyond their control. ``We calculate at least 10 million tons of coking coal could be lost,'' Merrill analysts including London-based Daniel Fairclough wrote in a report today. With train and port capacity strained, ``there is little or no chance of making up this lost tonnage.'' Producers including BHP Billiton Mitsubishi Alliance, the world's biggest coking-coal exporter, are in talks with buyers to set annual prices. International prices for hard coking coal were set at $92 to $98 a ton for the current year, which ends in March. Prices may rise to $160 to $170 a ton, Merrill said. Merrill had forecast a global annual supply shortfall of 6 million tons before the flooding in Australia. The bigger deficit in supply may constrain global steel production, Merrill said. http://www.bloomberg.com/apps/news?pid=206...refer=australia

25 January 2008 The global coal Newcastle (spot thermal) index is expected to be updated today. Last week's listed price was $US89.85. http://fairfield.yourguide.com.au/news/nat...rs/1169417.html http://www.altonaresources.com/Coal_deposits.html http://www.advfn.com/p.php?pid=ukfinancial...;symbol=L%5EANR

More coal price increases on the way, says senior analyst The coal price started to soar from the $50-t mark in May 2007, bringing the price to the current $100-t mark. “For only the fourth time in the past 100 years, we are in the midst of a significant coal price hike, this time driven by strong demand,” says International Energy Agency energy analyst Brian Ricketts....... http://www.miningweekly.co.za/article.php?a_id=124596

China orders coal exports suspended, struggles to meet shortage China's Transport Ministry has ordered ports to temporarily stop loading coal for exports as the country struggles to meet domestic needs amid mounting power shortages. read more » http://go.infomine.com/?re=18&tg=http:...sp?NewsID=71116 NEWS | Perth, Western Australia, Australia BHP/Mitsubishi alliance declares force majeure at Queensland coal mines Heavy flooding has played havoc with central Queensland coalfields. One of the biggest miners in the area, the BHP Billiton Mitsubishi Alliance (BMA) joint venture told customers that it has declared a force majeure because of disrupted operations. read more » http://go.infomine.com/?re=18&tg=http:...sp?NewsID=71086

Hello, I was invested in Ridge Mining for a while LSE:RDG looking for another near-term junior-producer too.

Australia regulator approves extension of coal quotas http://www.mining-journal.com/Breaking_New...article_id=4307

MET COAL TO BENEFIT FROM STEEL DEMAND Fitch: Coal outlook is stable, possible modest production growth While the debate over global warming has stalled plans for new U.S. coal-fired plants, Fitch Ratings forecasts that the outlook for U.S. coal next year is stable. Author: Dorothy Kosich Posted: Thursday , 20 Dec 2007 http://www.mineweb.com/mineweb/view/minewe...6&sn=Detail