DGAP-News: Pembleton Minerals Observes Changing Landscape for Coal
(firmenpresse) - DGAP-News: Pembleton Minerals&Metallurgical Co.Ltd. / Key word(s):
Miscellaneous
Pembleton Minerals Observes Changing Landscape for Coal
01.04.2011 / 13:30
---------------------------------------------------------------------
Pembleton Minerals Observes Changing Landscape for Coal
Toronto, Canada - March 30, 2011
Pembleton Minerals and Metallurgical Co. Ltd. (Pembleton): Deutsche Börse
symbol: 7PB www.pembletonminerals.com sees the entire landscape for coal
changing as economic development continues to increase demand in Asian
Countries, particularly China and India.
According to the Energy Information Agency (EIA), coal is the world's
fastest growing source of fuel, with increased demand for coal recorded for
the past seven years in a row. Looking at the long view of the market,
demand for coal in China and India, and to a lesser extent, emerging
markets in Asia will continue to drive the price of coal upwards. This is
due to the fact that demand is projected to outstrip supply.
China currently consumers almost half the world's total coal consumption
and coal powers 65% of power consumption in India. Historically, India has
been the world's 3rd largest producer of coal, and has been able to meet
demand for coal from its own resources. However, recent changes in policy,
such as banning coal production in the coastal province of Goa will turn
India into a net importer of coal in the foreseeable future. The EIA
estimates that India's coal consumption will triple within10 years.
As many existing coal mines are now beginning to be depleted, it will be
vital for the global economy to develop and bring online new coal mining
projects. This creates opportunities for Pembleton to find development
partners to bring its coal prospects into production.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of Pembleton Minerals and Metallurgical Co. Ltd.'s plans, goals
and expectations regarding its future financial condition, performance,
results, strategy and objectives. Words such as 'anticipates', 'expects',
'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could',
'would', 'might', 'will' and variations of these words or similar
expressions are intended to identify forward-looking statements. In
addition, any statements that refer to expectations, beliefs, plans,
projections, objections, performance or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. Forward-looking statements in this press
release are not promises or guarantees of future performance and are
subject to risks and uncertainties that could cause Pembleton Minerals and
Metallurgical Co. Ltd.'s actual results to differ materially from those
anticipated. Pembleton Minerals and Metallurgical Co. Ltd. cautions the
reader not to place undue reliance upon any such forward-looking
statements. These forward-looking statements involve known and unknown
risks as well as uncertainties, including those discussed herein as well as
the following: (i) domestic and global economic and business conditions;
(ii) market related risks and the performance of financial markets
generally; (iii) the policies and actions of regulatory authorities; (iv)
the impact of competitive factors; (v) risks and uncertainties associated
with futureacquisitions or combinations within relevant industries; and
(vi) changes in capital, solvency or accounting standards as well as tax
and other relevant legislation or regulations in the jurisdictions in which
Pembleton Minerals and Metallurgical Co. Ltd. operates. The actual results
that Pembleton Minerals and Metallurgical Co. Ltd. achieves may differ
materially from any forward-looking statements which are based on
management's beliefs and opinions at the time the statements are made.
Pembleton Minerals and Metallurgical Co. Ltd. does not undertake any
obligation to update forward-looking statements should circumstances or
management's beliefs or opinions change.
For further information please contact:
Pembleton Minerals and Metallurgical Co. Ltd.
100 Consillium Place
Suite 200
Scarborough, ON
M1H 3E3
Email: info(at)pembletonminerals.com
End of Corporate News
---------------------------------------------------------------------
01.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
118114 01.04.2011
Datum: 01.04.2011 - 13:30 Uhr
Sprache: Deutsch
News-ID 33689
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 171 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Pembleton Minerals Observes Changing Landscape for Coal"
steht unter der journalistisch-redaktionellen Verantwortung von
Pembleton Minerals&Metallurgical Co.Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
