News Briefing for Leading Energy Companies: New Colombia Resources, Cliffs Natural Resources, Peabody Energy, Alpha Natural Resources, Royale Energy and James River Coal
CORAL SPRINGS, Florida, April 4, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues market news report for today's Active Energy/Mining Companies: New Colombia Resources, Inc.(OTCQB: NEWC), Cliffs Natural Resources Inc. (NYSE: CLF), Peabody Energy Corp. (NYSE: BTU), Alpha Natural Resources (NYSE: ANR), Royale Energy, Inc. (NASDAQ: ROYL) and James River Coal Company (NASDAQ: JRCC)
New Colombia Resources Inc. (OTCQB: NEWC) Engages SGS to Commence a Drill Program and Exploration Services at their Metallurgical Coal Property in Colombia. NEWC has engaged SGS Colombia S.A. to begin a N.I. 43-101 compliant drill program. At the conclusion of the program, New Colombia will hire an international drilling company to drill the holes according to the plan. SGS will take custody of the core samples back to their laboratory in Barranquilla, Colombia and provide drill hole database management services. Other services SGS will provide include a Topographic Survey and Geological Mapping. Once the drill holes samples have been analyzed, a Qualified Person (QP), as defined by the National Instrument 43-101, will provide a technical report. The N.I. 43-101 Technical Report is an international standard used for the public disclosure of information relating to mineral properties; it is broadly comparable to the Joint Ore Reserves Committee Code (JORC Code) which regulates the publication of mineral exploration reports. Read the full press release at http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=256
Cliffs Natural Resources Inc. (NYSE: CLF) released news this week it intends to announce unaudited 2013 first-quarter financial results after the U.S.-market close Wednesday, April 24, 2013. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results. The live webcast will be archived http://www.cliffsnaturalresources.com Cliffs Natural Resources Inc. is an international mining and natural resources company. A member of the S&P 500 Index, the Company is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal.
Peabody Energy Corp. (NYSE: BTU) News: In an address to the China Development Forum Economic Summit in Beijing , Peabody Energy Chairman and CEO Gregory H. Boyce shared his views on how 21st Century Coal can advance China's energy, economic and environmental objectives. "As China's unprecedented urbanization continues, coal provides the holistic path that the nation needs to provide abundant, affordable energy that drives social and economic progress while meeting the nation's environmental goals," said Boyce. "I applaud China for taking a comprehensive approach to energy policy ? one that advances energy access, economic growth and environmental protection. In the decades ahead, China is positioned to once again lead the world in providing the global blueprint for building a sustainable energy future built on 21st Century Coal." Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents.
Alpha Natural Resources (NYSE: ANR), a leading U.S. coal supplier, recently announced that Paramont Coal Company, Virginia, LLC has recently been recognized for its environmental accomplishments. The awards were presented by the Virginia Mining Association and the Division of Mined Land Reclamation at an annual dinner on Saturday, March 23rd in Norton, Va. Alpha Natural Resources is one of the largest and most regionally diversified coal suppliers in the United States. With mining operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming, Alpha supplies metallurgical coal to the steel industry and thermal coal to generate power to customers on five continents.
Royale Energy, Inc. (NASDAQ: ROYL) operates as an independent oil and natural gas producer in the United States. It engages in the production and sale of natural gas; acquisition of oil and gas lease interests and proved reserves; drilling of exploratory and development wells; and sale of fractional working interests in wells to be drilled. In an article from Environment and Energy reprinted in a press release by Royale Energy, petroleum geologist Ed Duncan says he is on the precipice of proving America's next big shale oil play. Duncan, president and CEO of Great Bear Petroleum, is betting big that Alaska's North Slope geology will yield bountiful untapped resources as vast as the unconventional oil plays at Texas' Eagle Ford and North Dakota's Bakken shale fields.
James River Coal Company (NASDAQ: JRCC), through its subsidiaries, engages in mining, processing, and selling thermal and metallurgical coal in eastern Kentucky, southern West Virginia, and southern Indiana. The company operates in two segments, Central Appalachia and the Midwest. James River Coal Company conducts its mining operations in Bell County, Bledsoe, Blue Diamond Buckeye, Blue Diamond Leatherwood, Hampden, McCoy Elkhorn, Laurel Mountain, and Triad mining complexes. As of December 31, 2012, the company had approximately 341.7 million tons of proven and probable coal reserves. The Company announced last month that it had a net loss of $138.9 million or $3.99 per fully diluted share for the year ended December 31, 2012 and a net loss of $76.9 million or $2.21 per fully diluted share for the fourth quarter of 2012. This is compared to a net loss of $39.1 million or $1.19 per fully diluted share for the year ended December 31, 2011 and a net loss of $28.5 million or $0.82 per fully diluted share for the fourth quarter of 2011..
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