MicroCoal Technologies Up 13 Percent on JV Announcement

MicroCoal Technologies ticked upward on the news that it has partnered with an affiliate of Hong Kong's Jiu Feng Investments in order to help advance its processes in Asian markets.

Are Uranium Stocks Being Unfairly Punished?

"This irrational selling in the uranium stocks has created, in my opinion, a buying opportunity," Steve Todoruk of Sprott Global Resource Investments believes.

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CanAm Coal Explores Strategic Alternatives

CanAm Coal Corp. (TSXV:COE) announced it is considering a diversification strategy and alternative opportunities in order to generate additional shareholder value.

BHP To Build Indonesia’s Largest Coal Mine

BHP Billiton (NYSE:BHP) and its partner PT Adaro planning to build the largest coal mine in Indonesia, according to the Epoch Times. BHP will own 70 percent of the mine.

Peabody Energy Says Sales Limited by Rail Conjestion

Bloomberg reported that US Coal Producer Peabody Energy (NYSE:BTU) is blaming rail congestion from delivering more coal. The producer was hoping to capitalize on higher demand from American utilities companies.

MicroCoal Technologies Secures China Partnership

MicroCoal Technologies (CSE:MTI) has entered a joint venture agreement with an affiliate of Jiu Feng Investments. The agreement will see the creation of a corporation domiciled in Hong Kong, in which MicroCoal will hold a 51 percent equity interest and a majority position on the board of directors.

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Dr. Keith Barron Interviewed on Palisade Radio: The Uranium Bottom is In Right Now

Last week, experienced exploration geologist Dr. Keith Barron was interviewed on Palisade Radio regarding his perspective on the uranium sector. Barron says he believes "the bottom is in right now" for the metal, and that "we will see a very quick double in the spot price for uranium," once Japan's reactors are turned back on.

Northern Uranium Corp. CEO Chad Ulansky (TSX-V:UNO)

Northern Uranium Corp. (TSXV:UNO) CEO Chad Ulansky spoke to Resource Investing News about the company’s Northwest Manitoba project which was recently optioned from CanAlaska Uranium Limited.

Market News

US to Close Loophole That Helps Coal Export Profits

The US government is planning to tighten up rules surrounding coal exports since the discovery of a loophole that has allowed companies to boost profits, according to Reuters.

Japan Warns of Volcano Activity near a Nuclear Plant

Japan issued a warning on Friday that a volcano located about 64 kilometers away from a nuclear plant in southern Japan was showing signs of increased activity, raising concern that a small explosion could be on its way.

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