Printer Friendly
The Free Library
14,599,426 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Western Canadian Coal Reports on Additional Coal Commitment and the Lifting of an Evacuation Notice in Tumbler Ridge.


VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- Western Canadian Coal Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
: WTN WTN Watertown (Wisconsin)
WTN Working Telephone Number
WTN World Television Network
WTN Wright Technology Network
WTN World Timber Network
WTN Womens' Television Network (Canada) 
)(TSX: WTN.DB) (AIM: WTN) (the "Company" or "WCCC WCCC Westmoreland County Community College
WCCC Working Connections Child Care
WCCC World Computer Chess Championship
WCCC Wayne County Community College (Michigan)
WCCC Warren County Community College
") announces the following:

Additional Coal Sales Commitment

The Company is pleased to announce that it has been successful in a recent international tender, to supply 300,000 tonnes of Wolverine wolverine or glutton, largest member of the weasel family, Gulo gulo, found in the northern parts of North America and Eurasia, usually in high mountains near the timberline or in tundra.  hard coking coal to Steel Authority of India Limited Steel Authority of India Limited (SAIL) is the second largest steel maker in India. It is a public sector undertaking wholly owned by Government of India and acts like an operating company. Incorporated on December 2, 1972, SAIL has more than 131,910 employees.  ("SAIL"). This quantity is in addition to the receipt of commitments for 880,000 tonnes of Wolverine hard coking coal, announced on June 27, 2006. The new sales commitment, scheduled to be shipped to SAIL by June 30, 2007, is subject to a successful trial shipment to be made in the third quarter of 2006. WCCC is expecting that the price settlements for Wolverine hard coking coal sales for the current coal year to average approximately US$100 per tonne.

This is the second successful bid for Wolverine hard coking coal that has been awarded by SAIL and the Company is close to fulfilling all of its projected sales target for the coal year ended March 31, 2007. Gary Livingstone, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of WCCC remarked that: "we are excited about the future for our coal deliveries into India which is a rapidly growing market and we continue to pursue smaller trial sales in a number of other markets in order to expand and diversify."

Evacuation of Tumbler Ridge Lifted

The Company is also pleased to report that the evacuation order that was put in effect earlier this week, for Tumbler Ridge, BC, has now been lifted. The evacuation order was implemented as a forest fire was drawing dangerously close to the community however recent events have seen the fire change direction and the threat to the community removed. Neither the Company's Wolverine or Dillon mines, nor personnel on the sites, were threatened by the Hourglass hourglass, glass instrument for measuring time, usually consisting of two bulbs united by a narrow neck. One bulb is filled with fine sand that runs through the neck into the other bulb in an hour's time.  Fire; however, most of the people that work at the mines live in Tumbler Ridge and have been affected by the evacuation order.

No material impact on the Company's operations is anticipated as a result of these events and WCCC expects operations to continue as normal.

Gary Livingstone, President and CEO of WCCC said, "While we are sympathetic to our employees and other residents who had to be temporarily evacuated from their homes we are delighted that there was no loss or injury as a result of the fire."

Forward-Looking Information

This release may contain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that may involve risks and uncertainties. Such statements relate to the Company's expectations, intentions, plans and beliefs. As a result, actual future events or results could differ materially from those suggested by the forward-looking statements. Readers are referred to the documents filed by the Company on SEDAR SEDAR System for Electronic Document Analysis and Retrieval
SEDAR Southeast Data, Assessment, and Review
. Such risk factors include, but are not limited to changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply o·ver·sup·ply  
n. pl. o·ver·sup·plies
A supply in excess of what is appropriate or required.

tr.v. o·ver·sup·plied, o·ver·sup·ply·ing, o·ver·sup·plies
 of, or lack of demand for, the Company's products; currency and interest rate fluctuations; various events which could disrupt the Company's construction schedule or operations; the Company's ability to obtain additional funding on favourable terms, if at all; and the Company's ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward-looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters.
WESTERN CANADIAN COAL CORP.
    "Gary K. Livingstone"
    President and Chief Executive Officer
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:9INDI
Date:Jul 6, 2006
Words:618
Previous Article:AGL Resources To Host Second Quarter 2006 Earnings Conference Call.
Next Article:Vidiator Successfully Delivers World Cup Action Directly to Mobile Phones; First Ever Mobile TV Broadcasting of World Cup Games Embraced by Mobile...
Topics:



Related Articles
Three Mile Islandsky. (Chernobyl nuclear accident)
Spending more for cleaner coal.
Radioactivity from burning coal. (Brief Article)
The relative ability to tax coal in the western states.
The Superior way. (Thunder Bay Port Corp. Profile).(Brief Article)(Statistical Data Included)
Coal: the United States promotes while Canada and Europe move beyond.(Environment Watch Environmental Watch)
Oh, Canada! Does the great white north deserve its green reputation?
Calling the shots on the EU & NAFTA.(Ahead Of The Curve)
US Natural Gas Reserves Rise, But Prices May Not Fall.
Three Anglicans receive 2005 Order of Canada.(CANADA)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles