Coalspur Mines expects 24% higher coal production from Canadian mine

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Source: Marketawatch
Coalspur Mines Ltd. announced it expects Vista mine to create 24% higher coal output than previously reported. The company said its Vista project may have yearly output capacity of 11.2 million tons of thermal coal as compared to initial estimation of 9 million tons. Strong demand from Asian markets stimulates the development of coal mines, said Gene Wusaty, CEO of Coalspur.
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Mon, 30 Jan 2012 10:18:54 GMT

China's bank announced slower real estate loan growth

The PBOC reported that the loans to the real estate sector slowed in 2011 while proportion in the real estate loans in the overall lending also decreased. The country's banks saw CNY 1.26 trillion new loans last year as compared to CNY 2.03 trillion in the preceding year. New loans to property market amounted 17.5% of the total new loans

Mon, 30 Jan 2012 14:43:48 GMT

Korea: economic turmoil to peak in Q1

The economic turmoil is likely to peak in Q1 of 2012 in Korea, said Bahk Jae-wan, South Korean Finance Minister. However, the risks of weak economic performance are expected to ease in the next quarters before arising again in the last quarter of 2012, he claimed. The Bank of Korea expected the GDP growth to hit 3.7% in 2012 as

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