Description

News

• 14/12/11

  MetroCoal boosts Bundi thermal coal resource by 230% to 1561.8Mt

• 09/12/11

  MetroCoal achieves 520Mt initial thermal coal JORC Resource at Dalby West

• 18/11/11

  MetroCoal delivers 757mt increase to thermal coal resource at Columboola

• 14/11/11

  MetroCoal’s $24 million share placement gets Chinese government green light

• 03/11/11

  MetroCoal’s infill drilling delivers maiden Indicated coal Resource at Bundi of 150.9Mt

• 12/05/11

  Metrocoal boosts JORC Inferred Resource at Bundi to 595Mt thermal coal

• 15/02/11

  MetroCoal drilling targets initial resource at Columboola JV Coal Project

• 11/02/11

  MetroCoal drilling targets resource upgrade at Bundi Coal Project

• 19/10/10

  MetroCoal boosts Bundi thermal coal resource by 30% to 381 million tonnes

• 13/09/10

  MetroCoal to commence exploration, after China gives funding approval

Recent Sector News

• 

  Pan Asia Corporation delivers technical and financial confidence for TCM Coal Project

  Pan Asia’s TCM Coal Project is capable of sustaining a 1.5 million tonne per annum, 15 year operation. Current infill drilling is expected to increase the saleable tonnages from the project.

• 

  Pan Asia Corporation given A$0.80 price target in RM Research report

  Pan Asia's focus on the TCM Project, where JORC Resources recently increased to 128.8 million tonnes of coal, has earned the company a speculative buy rating and a price target that is 450% higher than the company's current share price.

• 

  Xceed Resources: broker increases target price to A$0.25 on de risking of Moabsvelden Coal Project

  A broker has increased its price target on Xceed to A$0.25 and offered a buy recommendation as a result of Bankable Feasibility Study results that significantly de-risk the company’s Moabsvelden Coal Project.

• 

  Universal Coal moves to position itself as key junior coal supplier to South African major Eskom

  Universal Coal is positioning itself as a key junior coal supplier to major South African power utility Eskom, supplying around 2Mtpa under an initial eight year agreement.

• 

  Xceed Resources valued at more than double by broker on the back of Moabsvelden BFS

  The completion of the Bankable Feasibility Study confirming the viability of the Moabsvelden Thermal Coal Project has earned Xceed Resources a price target of more than double its current share price and a speculative buy recommendation.

• 

  Xceed Resources: Moabsvelden Bankable Feasibility Study delivers IRR of 60%

  A Bankable Feasibility Study for the Moabsvelden Thermal Coal Project has proven the project’s economic viability with an IRR of 60% and NPV of A$92 million post tax. Importantly, Xceed has received expressions of interest to take coal at the mine gate, liberating the project from rail and port constraints.

Investors interested in MetroCoal recently viewed

• Universal Coal (ASX: UNV) An emerging near-term thermal coal company in South Africa
• Churchill Mining (AIM: CHL) Thermal Coal developer in Kalimantan, Indonesia
• Pan Asia Corporation (ASX: PZC) Key Resources for Expanding Asia Markets
• Strategic Natural Resources (AIM: SNRP) Emerging coal producer in South Africa
• International Coal (ASX: ICX) Undertaking a focus and cost effective drilling programs