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Bacanora Spikes on Press Speculation

Bacanora Minerals was experiencing much higher than average trading volumes on both in London and on the TSX Venture Exchange on Friday on speculation that the company will soon issue a positive update on its Mexican lithium projects. Rare Earth Minerals Plc, which holds a 30 percent interest in Bacanora's subsidiaries, also experienced a price spike and higher than average trading volumes.

News of CALPERS Potentially Divesting its Coal Assets Overdone

On December 15, news outlets announced that a California state senator might propose a bill in January that would require the California Public Employees’ Retirement System to divest of its holdings in companies that produce coal. This headline-grabbing news sent coal stocks and ARLP partners down significantly. However, Peter Epstein thinks that the reaction was possibly overdone.

India One Step Closer to Allowing Commercial Coal Mining

The Indian government moved forward with a bill to open up commercial mining in the country when the Lok Sabha passed the Coal Mines (Special Provisions) Bill, 2014 on Thursday. The bill includes the Coal Mine Nationalisation Act, which will allow companies to mine coal in India "in any form either for own consumption, sale or for any other purpose."