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Uranium and CoalNot all investees are displayed - click on Disclosure Criteria link for explanation Click here to read Pinetree's Disclosure Criteria Uranium
Coal Coal is the largest source of energy for the generation of electricity worldwide – extracted from underground mines or open pits. It is primarily used as a solid fuel to produce electricity and heat through combustion. World coal consumption was approximately 7,743,786,000 short tons in 2006, with an expected increase of 48% to 9.98 billion short tons by 2030. Consumption of coal is increasing and the price of coal had increased from around $30.00 per short ton in 2000 to approximately $111.50 as of October 2008. With world steel production continuing to rebound from the global economic crisis, The World Steel Association is forecasting a 9.2% increase in steel demand for 2010 and a return to the record production levels of 2008. Emerging economies, especially China and India, will be the critical factor driving world steel demand in the near future. China currently accounts for almost 50% of both the supply and demand of steel products and Indian steel manufacturing is forecasted to reach record levels this year. This has resulted in strong demand and higher prices for metallurgical coal in fiscal 2011. Metallurgical coal is used for the iron and steel industry, foundries and other industries. The coke developed from coal is used chiefly to smelt iron ore and other iron bearing materials in blast furnaces, acting as both a source of heat and a chemical reducing agent, to produce pig iron or hot metal. With the increase in demand for the steel and iron industry, Pinetree holds a positive view of coal. As of April 2010, the price for metallurgical coal has been over $200 per ton. Coal is mined in over 100 countries and on all continents except Antarctica. The largest reserves are found in the USA, Russia, Australia, China, India and South Africa. Pinetree invests in coal mining companies with a track record of safety and environmental responsibility.Uranium and Coal Investments as at June 30, 2010. Cline Mining Corp. (CMK:TSX) 13,500,000 common shares Continental Precious Minerals Inc. (CZQ: TSX) 2,000,000 common shares 1,000,000 warrants expire May 6, 2012 Energy Fuels Inc. (EFR:TSX) 4,500,000 common shares Forum Uranium Corp. (FDC:TSX-V) 10,496,500 common shares 3,000,000 warrants expire Apr 22, 2011 Mega Uranium Ltd. (MGA:TSX) 13,400,000 common shares 914,712 warrants expire Feb 22, 2012 1,500,000 warrants expire Oct 26, 2014 Pele Mountain Resources Inc. (GEM:TSXV) 8,000,000 common shares 1,000,000 warrants expire Feb 22, 2010 Rockgate Capital Corp. (RGT:TSXV) 8,500,000 common shares 500,000 warrants expire Mar 27, 2010 250,000 warrants expire Jul 28, 2011 Sparton Resources Inc. (SRI:TSX-V) 8,236,500 common shares 2,500,000 warrants expire Oct 5, 2010 Tournigan Energy Ltd. (TVC: TSXV) 10,000,000 common shares U308 Corp. (UWE:TSX-V) 2,550,100 common shares Uranium Resources: The Ux Consulting Company: http://www.uxc.com |
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