western coal mit super lauf..... - 500 Beiträge pro Seite

[Kambyses]

Hab den wert sein einiger Zeit auf meiner Watchlist. Hab leider nicht gekauft.
Nach 450% trau ich micht erst gar nicht... Angsthase

[Kambyses]

Hier einige Infos.

http://www.westerncoal.com/



Western Canadian Coal Corp. currently has one operating coal mine (Dillon),two large mine projects in the design and development phase (Wolverine and Brule), and a 50% interest in a joint venture having two additional multi-deposit coal properties (Belcourt and Saxon). All of Western's mine development activities, and those of the joint venture, are located on northeastern British Columbia's coal fields.

The Company's objectives include:

* to progress from a junior coal exploration company to a significant coal producer, with the goal being to develop and produce 5 million tonnes of coal per year for international markets within 5 years of initial mining operations;
* to allocate the Company's resources prodently and efficiently for the development of its coal properties, to achieve maximum value for the Company and its shareholders; and
* to demonstrate to regulators, stakeholders, First Nations, local communities and the British Columbia community at large that the Company will conduct its operations in an environmentally and socially responsible manner.

Western Canadian Coal Corp. is incorporated and operates in British Columbia, Canada.

The rights of shareholders may be different from the rights of shareholders in a UK incorporated company.


umber of securities in issue 115,927,740
Shares not in public hands (%) 98%
Significant holdings Identity Percentage Holding
Cds & Co. 57.1%
Computershare Uk Register 11.5%
Deepgreen Minerals Corporation Ltd. 10%
Updated August 16, 200

[Kambyses]

Western Canadian Coal Announces Fiscal 2009 Operations Update

* 61 reads

Tags:

* Business


Western Canadian Coal Corp (TSX: WTN and WTN.DB and AIM: WTN) announces an operations update for the fiscal year ending March 31, 2009.

Coal Production

The Company expects to produce approximately 3.7 million tonnes of metallurgical coal. This includes:

- Wolverine Mine producing approximately 1.8 million tonnes of hard coking coal and 0.2 million tonnes of mid-volatile PCI coal.

- Brule Mine producing approximately 1.3 million tonnes of low-volatile PCI ("ULV-PCI") coal.

- Willow Creek Mine producing approximately 0.4 million tonnes of ULV- PCI coal commencing September 2008.

Cash Costs

- The Company expects average cash costs, which includes transportation and costs at the mines, to be in the range of C$90 to C$95 per tonne.

Sale Prices Realized

- The Company anticipates that coal contracts for the upcoming coal year will be completed by the end of the first quarter fiscal 2009. These contract prices will be effective April 1, 2008. In the interim, the Company has entered into provisional pricing arrangements in excess of US$220 per tonne for hard coking coal. These interim prices will be effective April 1, 2008.

Capital Expenditures

The Company expects to spend approximately $90 million in capital expenditures, which includes approximately $43 million in equipment costs. The largest portion of the capital expenditures will be spent on restarting the Willow Creek mine and on the plans to expand the Brule Mine to a 2.0 million tonne per year operation. -- www.cnxmarketlink.com

Submitted by ruzik_tuzik on Thu, 2008-04-03 03:51.

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[Kambyses]

Kleine Posi. eingekauft. Mal schauen was geht.

[Zockempire]

Bei 300 USD / T HCC Kohle, wie von den Majors (Posco, Nippon Steel etc. kürzlich akzeptiert) für dieses Jahr ergeben sich gute Gewinnchancen.

Ich hab mal (ohne Gewähr!) mit meinen eigenen privaten Sheets einige mögliche KGVs ausgerechnet.


KGVs für WTN für Kohleproduktion 3,2 (08); 3,5 (09); Aktienkurs 3,00 euro; Kohlepreise (alle Sorten, durchschnitt) 200$ für 2008,09,10 ; dann 165$; fully diluted 226 mio shares

2008: 4,3
2009: 2,2
2010: 1,9
2011: 1,8
2012: 2,8 (165 coal)


so sehen meine errechneten KGVs aus, wenn ab 2009 Kohledurchschnitt auf 140 $ fällt:

2008: 4,3
09: 5,7
10: 5,1
011: 4,8


KOHLE-PREISE:

HP and ArcelorMittal reach coke deal;



April 9, 2008 - 7:29AM



The world's largest steelmaker, ArcelorMittal, has agreed an increase of 220 per cent for high quality hard coking coal with mining group BHP Billiton for 2008 contracts, UBS Investment Bank said.

"This indicative price settlement level is considerably higher than our forecast of $225/t for the 2008 contract," a research note dated April 7 said.

BHP and ArcelorMittal were not immediately available for comment.

On Monday, South Korean steelmaker POSCO said it had agreed an increase of 205-210 per cent for coking coal prices with an Australian miner, declining to identify the firm.

Last week, industry sources told Reuters that BHP, the biggest producer and exporter of Australian coking coal, was seeking $300 a tonne free-on-board for term supply in 2008/2009 to Japanese steel mills.

That would represent a price increase of over 210 per cent from last year's prices.

Coal prices have shot up this year mostly due to floods and transportation problems in Australia that have slashed supply.

Infrastructure constraints will keep prices strong but the recent surge in prices was also due to severe weather in Australia which cut at least 7 million tonnes from this year's exports, the head of Rio Tinto's Energy unit told the Reuters Global Mining Summit last month.

In the thermal coal sector for supplies to power plants, Japan's Chubu Electric agreed a 125 per cent price rise for Australian supplies in the industry's first annual deal, a source involved in the talks told Reuters on Monday


WTN:
the Company expects to produce approximately 3.7 million tonnes of metallurgical coal. This includes:

* Wolverine Mine producing approximately 1.8 million tonnes of hard coking coal and 0.2 million tonnes of mid-volatile PCI coal.
* Brule Mine producing approximately 1.3 million tonnes of low-volatile PCI ("ULV-PCI") coal.
* Willow Creek Mine producing approximately 0.4 million tonnes of ULV-PCI coal commencing September 2008.

Cash Costs

* The Company expects average cash costs, which includes transportation and costs at the mines, to be in the range of C$90 to C$95 per tonne

[Glück]

Antwort auf Beitrag Nr.: 33.874.958 von Zockempire am 13.04.08 14:52:36

Welche Kurse könnten drin sein - nach KGV müßte / dürfte eine Zweistelligkeit ja kein Problem sein

[Zockempire]

Antwort auf Beitrag Nr.: 33.981.266 von Glück am 27.04.08 21:58:38

Ich denke persönlich so an 8 bis 15 Kanada Dollar. Es hängt ab von den Kohlepreisen und die Erwartungen, ob der Boom anhält.

[Kambyses]

Das Ding geht ab. Nicht zu glauben. Weiter so.

[relativity]

Antwort auf Beitrag Nr.: 33.735.504 von Kambyses am 27.03.08 00:27:18

Kohle wird ein Wahnsinnsgeschäft diess Jahr. Der Zug ist auch noch längst nicht abgefahren. Wenn dir Western Canadian zu teuer ist gebe ich dir gerne ein paar wertvolle Alternativtips Schau dir die Dinger wirklich mal genau an

- Coal of Africa
- James River Coal
- Grande Cache Coal

[Kambyses]

Antwort auf Beitrag Nr.: 34.043.838 von relativity am 07.05.08 09:42:52

Ja, war mir auch zu teuer. Bin seit 14. April drin. 30% Gewinn. Wer hier aber schlau war hat 1000% in drei Monaten gemacht. Die die Eier in der Hose hatten "Herzlichen Glückwunsch".

[Kambyses]

Das Ding kein kein Halt. Immer weiter.

[Zockempire]

Antwort auf Beitrag Nr.: 34.047.481 von Kambyses am 07.05.08 15:49:02

Das KGV sollte wohl für dieses Jahr um die 2 liegen...

Die Bude müsste noch deutlich anziehen, von diesem Kursniveau aus gesehen...

Western Canadian Coal Announces Update on 2008 Coal Year Prices

Vancouver, B.C. May 7, 2008 – Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) (the “Company” or “Western”) announces that is has negotiated a majority of its 2008 coal year contracts for its hard coking coal (“HCC”) at an average above US$300 per tonne, which is approximately 365% higher than prior year contract prices. The Company has also negotiated a majority of its 2008 coal year contracts for its low-volatile PCI (“ULV-PCI”) coal at approximately US$248 per tonne, which is 350% higher than prior year contracts.

“The record prices we are selling our coal for this year represents the high quality coal the Company produces,” states John Hogg, President and CEO of Western Canadian Coal Corp. “With completion of our 2007 coal year carry-over tonnage in early May to be sold in this current coal year, the Company should be producing significant cash flows shortly. And considering the under utilized capacity of the rail lines and port that the Company uses, we are in a good position to sell all the metallurgical coal we can produce this coal year at these record prices.”

John Hogg continues, “Given these prices, the Board has substantially increased its expectations for long term coal pricing and has begun the exercise of reevaluating the long term resources and reserves which are economic given the much higher price regime. A further update will be provided in due course.”

[relook]

Der chart sieht aus wie bei JAMES, ich hol mir mal welche....
solche Perlen sind ja doch eher selten geworden

[relook]

Antwort auf Beitrag Nr.: 34.090.152 von relook am 14.05.08 12:53:41

Bei JAMES RIV.COAL NEW bin ich auch recht spät rein, habe aber immernoch sehr viel freude damit.

[Stadtinspektor]

Antwort auf Beitrag Nr.: 34.090.177 von relook am 14.05.08 12:55:21

Bin auch sehr zuversichtlich, dass die Aktie noch einen mächtigen Sprung macht, ähnlich wie bei JAMES RIV.COAL NEW .

Meine persönliche Prognose für western coal liegt bis zum 30.06.2008 bei 9-10 Euro.

[Stadtinspektor]

Antwort auf Beitrag Nr.: 34.097.654 von Stadtinspektor am 15.05.08 09:39:26

Was ist denn jetzt los? 3,83 € = -4,25 %

Noch eine Frage unabhängig davon:
Hat jemand Erfahrung mit der
ZIX CORP.
WKN:878243

Hat die Aktie Potential nach oben?

-Only my ponit of view, no advertisement-

[RayNar]

Antwort auf Beitrag Nr.: 33.874.958 von Zockempire am 13.04.08 14:52:36

Mich wundert es, dass es noch keine Reaktion auf die neuen Kohlevertäge gab: Wie hier schon vorhergesagt wurde, hat WCC die Lieferverträge neu ausgehandelt und erziehlt 300$ bzw 250$ pro Tonne Kohle.

Hast du das mal wieder überschlagen? Die Erhöhung dürfte zu einem großen Teil ja schon im Kurs enthalten sein, aber dennoch müssten die Einnahmen ja gewaltig in die Höhe schiessen... Meinungen?

[Kambyses]

Klasse. So spät eingestiegen und 80% in Plus.

[Stadtinspektor]

Antwort auf Beitrag Nr.: 34.157.208 von Kambyses am 23.05.08 10:50:00

Die 5,00 € sehen wir noch zum Wochenende!

[Kambyses]

[Fidibo]

dieses Teil ist der Wahnsinn

[Kambyses]

Rock me baby rock me.

[RayNar]

Antwort auf Beitrag Nr.: 34.044.651 von Kambyses am 07.05.08 11:00:52

Ich hab nochmal die letzten Zahlen und die Präsentation durchgeschaut und ein wenig gerechnet. Ist wirklich eine sehr interessante Situation, denn es hängt wirklich alles am Kohlepreis ab.

Die Kosten pro geförderter Tonne Kohle liegt bei 90-95$, wie man also sieht, war es quasi unmöglich in der Vergangenheit profitabel zu arbeiten..
Die 2. wichtige Konstante ist die Aktienanzahl: Zwischen momentanen 147 Mio und verwässerten 222 Mio liegt ein ganz schöner Unterschied!

Bei Durchschnittspreisen von beispielsweise 250 Dollar sind wir nach meiner groben Laienrechnung bei einem KGV von 3,4, es ist also noch einiges in dem Jahr drin.

Falls es aber 2010 zu den geplanten Ausgaben von 250 Mio kommt und der Kohlepreis langsam auf 135$ zurückfällt, kommt unterm Strich ein Verlust heraus! Auch die Jahre danach wären trotz Produktionssteigerung nur knapp profitabel.

Fazit:
Wenn der Kohlepreis weiter steigt oder länger als vorhergesagt oben bleibt, ist Western eine super Investition, nochmal 200-300% möglich. Fällt der Kohlepreis wieder zurück, kommen schnell die Verluste wieder. Die magische Grenze liegt ca bei 130$/t, bei Produktionserhöhung sind sie bis auf 100$ ab.
Western selber sieht die Preise aber sinkend: 200->160->140->120->110. Laut Prognose wäre WCC immer knapp profitabel.
Sollten alle ausstehenden Aktien eingelöst werden, wird der mögliche Gewinn pro Aktie auch nahezu halbiert.

Meinungen? Fehler? Hinweise?

[relativity]

Antwort auf Beitrag Nr.: 34.230.278 von RayNar am 03.06.08 20:23:38

Ich denke du drückst es etwas falsch aus. Western ist nämlich nicht nur eine Superinvestition wenn der Kohlepreis zukünftig steigt, sondern auch wenn der Kohlepreis auf diesem Niveau verbleibt oder auch um beispielsweise 20% fällt. Wie bekannt gemacht wurde konnte Western dieses Jahr nicht die gesamte Produktion zu Höchstpreisen verkaufen, sondern nur von mir geschätzte 70%-80%. Sollten im Fiskaljahr 2010 100% verkauft werden können, würde auch ein um 20% gesunkener Kohlepreis zu dem von dir errechneten fiktiven KGV führen. Darüber hinaus könnte der Kohlepreis natürlich auch noch deutlich tiefer fallen und Western wäre immer noch äußerst attraktiv bewertet. Die Produktionssteigerungen für das Fiskaljahr 2010 das im April 2009 beginnt solltest du auch nicht außer Acht lassen.

In Anbetracht der extrem hohen Bewertung von Kohleproduzenten in der Vergangenheit und der aktuellen Bewertung in der Peer-Group sehe ich nach einer dringend überfälligen Konsolidierung noch deutliches Aufwärtspotential, denn mir ist in der gegenwärtigen Situation ein KGV von schlimmstensfalls 6 definitiv nicht zu teuer.

[dafi1974]

Für alle die noch billig in WTN rein wollen,es gibt da eine möglichkeit

CAMBRIAN MINING ein englisches unternehmen dass 46% von WTN hält
67 mln aktien 86,65 mln. voll verwässert
die machen gerade eine wandlung von investment haus zu produzenten
in dem sie eine andere beteiligung COAL INT. übernehmen wollen
Darüber hinaus besitzen sie 23% von ENERGY BUILD -einem angehenden kleinem kohleproduzenten.die beteiligung würde sich aber auf 50% erhöhen da COAL INT.auch 27 % hält(energy build)
Es geht aber noch weiter COAL INT. hält 20% von NEMI und NEMI ist der JV partner von WESTERN CANADIAN bei dem projekt BELCOURT-SAXON dass ab 2011 in produktion gehen soll mit 4-8 mln. tonnen pro jahr
hinzu kommt noch ein kleiner goldproduzent und öl-gas explorer aber nicht der rede wert.
Die frage ist nach dem COAL INT: übernomen wurde was machen sie mit dem riesen paket WTN?wenn sie es verkaufen würden dann hätten sie aber mehr als genug cash um energy build und nemi zu übernehmen und dann mit WTN das Belcourt-Saxon in produktion zu bringen

Das erstaunliche dabei ist CAMBRIAN hat 97 mln. aktien.die MK beträgt ca.210 mln. britische pfund die ganzen beteiligungen sind aber etwa 400 mln.britische pfund wert
Schaut euch das unternehmen an es scheint sehr interesant zu sein
da könnte was grosses entstehen und luft nach oben hat die aktie auch noch
meinungen bitte

[RayNar]

Antwort auf Beitrag Nr.: 34.295.646 von dafi1974 am 13.06.08 11:01:03

Danke für den Tipp und die gute Zusammenfassung, bin heute in Cambrian eingestiegen.

Übrigens stehen bald Nachrichten bei WCC an:
Jun 19, 2008 07:00pm TSE:WTN Q4 2008 WESTERN CDN COAL CORP Earnings Release

[dafi1974]

Antwort auf Beitrag Nr.: 34.311.626 von RayNar am 16.06.08 18:21:16

perfekt
gestern rein und ich glaube heute 16% plus
besser kann man es nicht machen

bin heute raus um umzuschichten
begründung später

[dafi1974]

Antwort auf Beitrag Nr.: 34.311.626 von RayNar am 16.06.08 18:21:16

perfekt
gestern rein und ich glaube heute 16% plus
besser kann man es nicht machen

bin heute raus um umzuschichten
begründung später

[RayNar]

Haha, ja, da kann ich mir ein Grinsen nicht verkneifen

Ich werde aber Cambrian wohl erstmal längerfristig halten, mindestens solange die Aussichten für Kohle und WCC gut sind. Außerdem ist ja eventuell ein Strategiewechsel vorgesehen, welchen Cambrian zum Produzenten machen soll.

[relativity]

Western Canadian Coal Strategic Review Remains Ongoing
Wednesday June 18, 11:21 am ET


VANCOUVER, June 17 /CNW/ - Western Canadian Coal Corp. (TSX: WTN, WTN.DB & WTN.WT and AIM: WTN) (or the "Company") is pleased to announce that its review of strategic alternatives (the "Strategic Review") has resulted in a number of non-binding proposals for all or part of the Company. As part of its continuing effort to enhance shareholder value through a potential strategic alliance, joint venture, merger, or a sale of all or part of the business, the Company has invited a select group of interested parties to proceed to the next round of the Strategic Review process and conduct further diligence.
The Company cautions shareholders that there is no assurance that the Strategic Review will result in any specific strategic or financial transaction. Western anticipates it will make no further announcements regarding the Strategic Review unless there are material developments.

About Western Canadian Coal

Western Canadian Coal Corp. produces 3.7 million tonnes of high quality metallurgical coal from three mines located in the northeast of British Columbia. The company also has interests in various coal properties in northern and southern British Columbia and a 50% interest in the Belcourt Saxon Limited Partnership, which was formed to explore and develop the Belcourt and Saxon group of properties in northern BC. Currently, these properties provide the company with an estimated 15 years of coal reserves at current production levels.

[relativity]

Western Canadian Coal Announces Fourth Quarter 2008 and Fiscal 2008 Operating Results
Wednesday June 18, 11:20 am ET


VANCOUVER, June 17 /CNW/ - Western Canadian Coal Corp. (TSX: WTN, WTN.DB & WTN.WT and AIM: WTN) announces its operating results for the three and twelve month periods ending March 31, 2008. Caused by difficult winter weather conditions and a continued labour shortage, the Company faced reduced production volumes and higher production costs in the fourth quarter ending March 31, 2008. However, 2008 was a record year for sales and production with over 300 per cent. increases over the past two years. 2008 was also the second year of a five-year growth plan towards annual production target of 7 million tonnes.
ADVERTISEMENT


Sales for 2008 were $252.5 million or 88% higher than the prior year. Coal volumes sold for the year were 3,043,000 tonnes or 116% higher. The average realized price was $82.97 per tonne in 2008, 13% lower than in 2007 due to the stronger Canadian dollar, the impact of being a new coal producer and previously contracted coal prices. Coal volumes produced were 3,007,000 tonnes in the year, or 126% higher than the prior year. Cash costs for the year were $86.10 per tonne, or 7% higher than the prior year's cash costs.

Sales for the fourth quarter 2008 were $75.3 million or 37% higher than the third quarter 2008. Coal volumes sold for the fourth quarter were 865,000 tonnes or 25% higher than the third quarter. The average realized price of $87.04 per tonne in the quarter was 9% higher than the third quarter.

In the final quarter of 2008, the Company suffered higher cash costs for production due to lower production volumes, which were exacerbated by extreme winter conditions in its Northern British Columbia mines, and a continued shortage of experienced labour. Cash costs for the fourth quarter 2008 were $94.50 per tonne or 17% higher than the third quarter's cash costs. Coal volumes produced were 672,000 tonnes in the quarter or 13% lower than the prior quarter.

Net loss for the year was $106.0 million or a loss per share of $0.95 as compared to a net loss of $13.0 million or a loss per share of $0.14 in 2007. The 2008 results include $23.6 million, or $0.21 per share of one-time adjustments. These adjustments include the write-off of future income taxes, terminated contract expense, investment impairment, abandoned transaction expenses and penalty fees on long-term debt. Losses were also impacted by the strengthening Canadian dollar in relation to the US dollar. During fiscal 2008, the Canadian dollar strengthened by over 10%, which impacted revenues by $29 million.

Turning to fiscal 2009 contractual hard coking coal agreements reached prices of over US$300 per tonne, or 253% higher than the prior year pricing. Ultra-low volatile PCI pricing for fiscal 2009 have been settled at prices of US$248 per tonne, which are over 267% higher than prior year contracts. All of the Company's expected hard coking coal production and ultra low-vol PCI production for fiscal year 2009 is already under contract and will be sold at these prices.

On March 31, 2008, shareholders approved the acquisition of the Willow Creek mine at Falls Mountain Coal Inc. The acquisition allows the Company to begin the work needed to commence production of ultra low-volatile PCI coal in the third fiscal quarter of 2009 at an annual rate of 900,000 per year.

"Overall, 2008 was a watershed year for the Company", said Mr. John Hogg, President and CEO of Western Canadian Coal Corp. "We have continued our rapid growth in coal production with a three-fold increase in just two years. We believe we can continue that rapid growth in these strong market conditions as we work towards our goal of producing over 7 million tonnes of coal per year by 2012. The Company was able to satisfy 95% of its 2008 coal year contractual commitments in fiscal 2008 with the remaining volumes sold by May 2008. Therefore, the Company will be in a position to benefit from the record 2008 coal year prices in the first quarter of fiscal 2009. With record coal prices this year now expected to continue into the next fiscal year, Western Canadian Coal expects to generate high positive cash flows in the near term and for the upcoming years."

[Stadtinspektor]

Antwort auf Beitrag Nr.: 34.328.928 von relativity am 18.06.08 23:10:22

Quo Vadis? Wohin geht der Weg?

Richtung 5,00 € oder > 10,00 € ?????

[RayNar]

http://www.canada.com/victoriatimescolonist/news/story.html?…

Ein sehr guter Bericht, lesenswert

[Popeye82]

Antwort auf Beitrag Nr.: 34.332.455 von RayNar am 19.06.08 13:15:34

[explorer99]

Antwort auf Beitrag Nr.: 34.332.455 von RayNar am 19.06.08 13:15:34

Erstmal Hallo an alle,


und danke für den Bericht vom Juni. Bin seit kurzem investiert und will auch nicht so schnell wieder raus. Aber was ist passiert seit dem Junikurs, die Firma ist doch sehr profitabel?

Haben sich die Chinesen für etwas anderes entschieden? Die Bewertung ist doch momentan ein Witz für das Unternehmen.

[Kambyses]

http://www.welt.de/welt_print/article2776769/Investmentlegen…

Investmentlegende Soros macht jetzt in Kohle
25. November 2008, 02:22 Uhr

Auch andere Finanzprofis haben Aktien von Kohleförderern günstig eingekauft - Sie alle halten den Kursverfall für übertrieben

Jakarta/New York - Die Investmentgilde hat die Rohstoffe wiederentdeckt. Doch nicht Gold oder Öl haben es den Finanzprofis angetan. Investmentlegende George Soros, der Hedgefonds Citadel und der Vermögensverwalter T. Rowe Price Group setzen - ganz altmodisch - auf Kohle. Sie haben Aktien von Kohlezechen gekauft und dabei die günstigsten Bewertungen seit fünf Jahren genutzt. Die Papiere der Kohleförderer sind im Sog der weltweiten Rohstoffbaisse in den vergangenen Monaten dramatisch eingebrochen. Seit Jahresbeginn stehen Kursverluste von durchschnittlich 75 Prozent zu Buche.

Nun sehen viele Großanleger wieder Einstiegschancen. Multimilliardär Soros erwarb im vergangenen Quartal 2,9 Mio. Aktien von Arch Coal, dem zweitgrößten Kohleförderer der USA, wie aus Pflichtmitteilungen an die US-Wertpapieraufsicht SEC hervorgeht. Citadel und Invesco deckten sich mit den Titeln von Peabody Energy ein. T. Rowe kaufte Unternehmenspapiere von Peabody, Arch, Consol Energy und der indonesischen Gesellschaft PT Bumi Resources.

Und der Markt reagiert: In den vergangenen beiden Handelstagen legten die Papiere allesamt um mehr als 20 Prozent zu. Doch ungeachtet dessen ist das Kurs-Gewinn-Verhältnis (KGV) der Kohleförderer noch immer weniger als halb so hoch wie der Durchschnitt der Aktien im MSCI World/Energy Index. Peabody wurde zeitweise mit dem 3,7-fachen der für 2009 prognostizierten Gewinne bewertet, bei Arch liegt das KGV sogar nur bei 2,5.

"Kohle ist der Rohstoff, bei dem sich der Einstieg derzeit am meisten lohnt", sagt Daniel Rice, Manager von BlackRock Advisors in Boston. "Dieser Brennstoff reagiert weit weniger sensibel auf einen Abschwung der Wirtschaft, weil er bei der Stromerzeugung für die Grundlast gebraucht wird. Zudem steigt die Nachfrage." Die Schweizer Großbank UBS geht davon aus, dass der Bedarf in den großen Volkswirtschaften, in denen 52 Prozent des Stroms durch Kohle erzeugt wird, bis 2010 um 3,3 Prozent zunimmt. Bis 2030 rechnen die Experten der Internationalen Energie-Agentur in Paris mit einem Anstieg der Nachfrage um jährlich zwei Prozent. Vor allem in China und Indien wachse der Bedarf.

Analyst Francisco Blanch von Merrill Lynch hingegen sieht den Kohlepreis wegen der Rezession "rapide" sinken. Peabody-Chef Richard Navarre wendet dagegen ein, dass beim Kohlepreis die Auswirkungen eines möglicherweise kurzfristigen Nachfragerückgangs durch sinkende Produktionsmengen ausgeglichen würden. Denn im Zuge der Kreditklemme müssten die Förderer geplante Kapazitätserweiterungen auf Eis legen. Zudem legen einige Unternehmen Zechen still, die zu teuer produzieren; anderswo nimmt die Fördermenge ab, weil Lagerstätten schwieriger zu erschließen sind.

Nach Ansicht von Analysten ist dieser Kursverfall übertrieben. Während die Gewinne der Ölkonzerne in diesem Jahr um fast die Hälfte gesunken sind, haben Kohleproduzenten den Vorteil, dass sie von kurzfristigen Preisschwankungen weniger stark betroffen sind, weil die Lieferverträge lange Laufzeiten haben. "Anleger verramschen sämtliche Aktien, und bei den Titeln der Kohle-Erzeuger ist dies besonders irrational", sagt Richard Price, Investmentbanker bei Westminster Securities. "Auch wenn die Preise für Terminkontrakte im nächsten Jahr nachgeben, haben die Unternehmen noch immer diejenigen Kontrakte in der Hand, die während der diesjährigen Hochpreisphase abgeschlossen wurden." Analysten rechnen deshalb mit steigenden Kursen, wie Konsenserhebungen durch Bloomberg belegen. Beim Aktienkurs von Bumi erwarten sie einen Anstieg um das Fünffache. Die Kursziele von Peabody und Arch sehen sie beim Dreifachen des derzeitigen Kursniveaus.

Besonders günstig sind die Ertragsaussichten bei Bumi. Das indonesische Unternehmen rechnet damit, dass der durchschnittliche Kohlepreis 2009 mindestens auf dem diesjährigen Niveau von 77 Dollar je Tonne liegen wird. Im ersten Geschäftshalbjahr kostete die Produktion einer Tonne Kohle 33,10 Dollar. Damit ist Bumi wesentlich wirtschaftlicher als beispielsweise Unternehmen in Russland, wo die Förderung einer Tonne Kohle zwischen 75 Dollar und rund 80 Dollar kostet. "Es ist klar, dass wir eine Menge Geld verdienen werden", sagt Peter Ball, der Geschäftsführer von Bumi. Bloomberg/nan

Der Kurs ist optimal für einen Einstieg. Auch Mechel währe ein guter Kauf obwohl Nippon Steel die Aussichten für 2009 zurückgefahren hat. Die Nachfrage der Autoindustrie werde enorm abnehmen. Auch wenn ich persöhnlich Solartitel bevorzugen würde, dürfte Kohle Kurz und Mittelfristig doch das Rennen bei der Energiegewinnung machen.

[explorer99]

92 cents heute, Umsätze über 2 Millionen, sie scheint langsam aufzuwachen

[Kambyses]

Heute auch mal in Deutschland gute Umsätze. KAUFEN

[explorer99]

Antwort auf Beitrag Nr.: 36.105.483 von Kambyses am 28.11.08 16:42:11

Hat jemand einen link zu aktuellen Kohlepreisen/Charts. Ich finde leider nichts....

[Kambyses]

Antwort auf Beitrag Nr.: 36.130.284 von explorer99 am 02.12.08 12:38:53

Bei Kohle ist es immer schwer einen Einheitspreis zu bestimmen. Kommt sehr auf die Sorte an. Bei WTN geht man aber davon aus das die von ihnen Verkauft Kohle 2009 einen Preis von 120$ bis 125$ erzielen wird.


http://www.rttnews.com/ArticleView.aspx?Id=775590&SMap=1

[explorer99]

http://www.infomine.com/investment/charts/Dynamic_fChart_cPr…



Könte jetzt endlich drehen, das Umfeld dafür ist da.

[Kambyses]

hier klicken zur Chartansicht
Aktuelle Kursinformationen (Frankfurt)
Kurs Vortag Veränderung Datum/Zeit
0,35 € 0,36 € -0,014 € -3,89 % 12.12./11:16

ISIN WKN Jahreshoch Jahrestief
CA9578601093 257111 6,72 € 0,30 €



Western Canadian Coal gehört auf Watchlist

25.11.2008
Hot Stocks Investor

Endingen (aktiencheck.de AG) - Laut den Experten von "Hot Stocks Investor" gehört die Aktie von Western Canadian Coal (ISIN CA9578601093 / WKN 257111) weiterhin auf die Watchlist.

Die Analysten von Paradigm Capital sähen ein Kursziel von 6 Kanadischen Dollar (CAD) für das Papier, den Net Asset Value beziffere das Unternehmen sogar auf 8 CAD. An der Börse werde die Aktie im Moment mit nur 0,48 CAD gehandelt. Western Canadian Coal habe die Gewinnerwartungen von 0,36 CAD je Aktie im 2. Quartal nicht erfüllen können, das EPS habe lediglich bei 0,24 CAD gelegen. Daraufhin habe Paradigm Capital die ursprünglich für das Fiskaljahr 2012 gesetzten Produktionsziele von 7 Mio. Tonnen pro Jahr auf das Jahr 2015 revidiert.

[Public_Relations]

Westen Canadian Coal ist meiner Meinung nach, auf diesem Kursniveau ein klarer Kauf!

Dementsprechend bin ich seit ein paar Tagen mit einer abgeltungssteuerfreien Position dabei.

Habe den Wert schon lange unter Beobachtung und dachte jetzt oder nie. Das Engagement sollte sich auszahlen.

Grüße
Public

[Public_Relations]

Antwort auf Beitrag Nr.: 36.239.571 von Public_Relations am 19.12.08 15:36:30

.. es fehlt ein r in meinem Text.

[larsuwe]

Hallo Publik! Ich hoffe, du hast recht!.Leider nur wenig Volumen an den Börsenplätzen.Werde mal ein Auge auf dieses Unternehmen werfen.Ciao Lars!

[larsuwe]

Ich meine (Public) haha..!

[larsuwe]

Die Frage wird sein ,wie wird sich die Willow Creek Mine weiter entwickeln?.Das Unternehmen ist recht gut aufgestellt ,ob die Gewinne in 2009 den Schätzungen entsprechen werden?.Was ist dein Einstiegskurs? Ciao

[Public_Relations]

Antwort auf Beitrag Nr.: 36.241.682 von larsuwe am 19.12.08 19:33:29

Hi Lars

an der Heimatbörse werden täglich Millionen umgesetzt.
Für mich ist der Handel dort kein Problem.

Habe Stücke zu 0,56 CAD
und Stücke zu 0,341 Euro in F erworben.

Viele Grüße

[Public_Relations]

Antwort auf Beitrag Nr.: 36.241.738 von larsuwe am 19.12.08 19:42:31

kein problem

[Public_Relations]

Antwort auf Beitrag Nr.: 36.242.163 von larsuwe am 19.12.08 20:47:03

Nee, die Gewinne werden natürlich nicht die Höhen erreichen, obwohl, wer hätte im Frühjahr / Sommer DIESEN JAHRES Ölpreise für 40 USD je Fass für denkbar gehalten???

Na also! Und außerdem wird noch ein "saustarkes" Quartal kommen.

Die neuen Verträge werden ab März verhandelt.

Öl ist übrigens Saisontypisch zu dieser Jahreszeit meistens am billigsten

Zu diesem Aktienkurs (hier ist alles eingepreist) sehe ich rissiges Potential!

Wie immer nur meine Meinung
Public

[doc.snyder]

Antwort auf Beitrag Nr.: 36.243.668 von Public_Relations am 20.12.08 11:22:30

"rissiges Kapital"...hoffe das das kein freudscher Versprecher war und hoffe ebenso mittelfristig auf großes Potential des Kurses. Akt. Firmenwert wird bis März aufgrund laufender Kontrakte weitgehend durch cash hinterlegt sein.

Gruß.doc

[doc.snyder]

Antwort auf Beitrag Nr.: 36.250.337 von doc.snyder am 22.12.08 11:44:11

...noch ein Versprecher "rissiges Potential" natürlich

[Public_Relations]

Antwort auf Beitrag Nr.: 36.250.337 von doc.snyder am 22.12.08 11:44:11

Das stimmt, da noch ein Q mit den Megakontrakten aus der Ölpreishausse kommen soll, dürfte der aktuelle Wert aufgrund der hohen Cashposi den Kurs absichern und die Bodenbildung darstellen.

Bin hier mittelfristig aufgestellt und überzeugt die Sache lohnt sich mit Geduld und Zukäufen.

Dank Subprime sehen wir diese Einstiegskurse, die noch vor einem halben Jahr nicht von diser Welt gewesen wären.

[larsuwe]

Hallo! Ich warte noch ein bissel!.

[Public_Relations]

Antwort auf Beitrag Nr.: 36.267.720 von larsuwe am 27.12.08 10:11:05

Ich nicht, schon allein wegen der Abgeltungssteuer

Übrigens hat sich da in den letzten Wochen ein schöner Boden gebildet.

LG

[Kambyses]

Entlich mal wieder Plus. Bin seit 0,57 am einsameln.

[Public_Relations]

Antwort auf Beitrag Nr.: 36.272.851 von Kambyses am 29.12.08 10:39:11

Achtung es gibt hochinteressante News!!!

Möglicherweise kommt die Verschmelzung mit Cambrian Mining!!!

Bin jetzt voll investiert.

Link zur News findet ihr unter

http://www.westerncoal.com/news_and_links/

[larsuwe]

Ja, echt gute Neuigkeiten,mal sehen wie es weiter gehen wird.Erster Kurs in Kanada rauf auf 0,65CAD ein schönes Plus von +15% .Bin immer noch nicht eingestiegen,morgen .....?????.Ciao

[larsuwe]

Die Aktie von Cambrian wird kaum bei uns gehandelt.Nur sehr wenig Volumen!.Das Unternehmen hat einen ganz schönen Kursrusch hiter sich gebracht.Von einem Tief von ca.13 $ auf nun gut 22$ .Cambrian hält 50% an Western Canadian Coal, wenn das noch stimmt.

[Public_Relations]

Western Canadian Coal ist ohnehin schon eklatant unterbewertet, wenn jetzt noch mehr Kohleminen und sogar Gold dazu kommt.

Hier entsteht meiner Meinung nach gerade eine große Firma mit sehr wertvollen Assets!

Eine Vervielfachung kann hier locker drin sein - schaut euch doch nur mal an, wo der Kurs herkommt!

Der Finanzkrise sei dank, schluckt Western jetzt Cambrian Mining zum Superpreis. Sie haben lange gewartet. Ganz große Klasse vom Manangement!

Wie immer nur meine Meinung.

[explorer99]

Ausbruch über 1$ gestern bei starken Umsätzen. Das sieht richtig gut aus jetzt für die Kohlewerte.

[larsuwe]

Was ist los bei Western Coal? Schaue heute mal wieder rein und was sehen meine großen Augen,der Aktienkurs ist wieder ordentlich nach unten geruscht.Auch heute in Kanada ein Minus von ca.12%.Habe im Moment nur sehr wenig Zeit um mich mit Aktien zu befassen.Gibt es News? Ciao Lars!

[algodyne]

!

Dieser Beitrag wurde moderiert.

[Kambyses]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[Popeye82]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[tanja2-2]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[Public_Relations]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[Public_Relations]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[Public_Relations]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[Bakrieboy]

!

Dieser Beitrag wurde moderiert. Grund: Korrespondierendes Posting wurde entfernt

[larsuwe]

Alles Klar ,habe mich selber durch die News gelesen.Auch wenn Kosten eingespart werden müssen und es im Moment nicht ganz so toll aussieht.Denke ich, daß wir schnell wieder Aktiemkurse um die 0,75 CAD sehen werden.

[Kambyses]

http://money.cnn.com/news/newsfeeds/articles/djf500/20090108…

By Brian Truscott

Of DOW JONES NEWSWIRES

VANCOUVER -(Dow Jones)- Teck Cominco Ltd. (TCK) said Thursday it would cut its global workforce by 1,400 jobs and reduce coal production to 20 million metric tons in 2009, due to declining global demand for steel.

"That's a 13% reduction in headcount for Teck, which is significant; the company needs to cut costs across the board...at zinc, coal and copper operations as well as corporate costs," said BMO Capital Markets analyst Tony Robson.

Teck Cominco spokesman, Vice-President Greg Waller, told Dow Jones Newswires the cuts would be across the company and not focused on any one division such as coal, which is tied to the steel market. The Vancouver-based senior miner is the latest commodity producer to rein in 2009 spending as global economic forecasts continue to grow bleaker. Alcoa Inc. (AA) said this week it would reduce costs and conserve cash in 2009 and warned that it would suffer a US$1 billion loss in the fourth quarter of 2008. Other companies, such as Xstrata PLC (XTA.LN) and MacArthur Coal Ltd. (MCC.AU), have already announced cuts in coal production for 2009.

Two of Canada's junior coal companies, Western Canadian Coal Corp. (WTN.T) and Grande Cache Coal Corp. (GCE.T), have also been hit. Grande Cache said Thursday that coal customers are deferring shipments, meaning coal sales for the fiscal year ending March 31 will fall. The company said it's taking measures to reduce costs and curtail expenditures. A capital-spending review is underway.

Western Canadian Coal said this week it would stop production of lower-grade PCI (pulverized coal injection) coal at its Brule mine in May and reduce production at its Wolvermine mine by 550,000 tons a year, thanks in part to rising inventory levels.

"(WCC) expects to operate at these rates until the current economic uncertainty improves and the demand for coal becomes clearer," the company said in a statement.

As for Teck Cominco, analysts characterized the downturn in the global steel industry as "death and destruction everywhere." Metallurgical, or coking, coal is part and parcel of the steel-making process.

"The critical issue for Teck is how much the 2009 coal contract price will be, " Robson said.

2009 Coal Prices A Focal Point For Teck Cominco

Contract negotiations will soon start in earnest as both suppliers and clients like to have an annual agreement in place by April 1 each year. That might not materialize this year, analysts said.

Last year's contract price was US$305 a metric ton for high-grade Australian coal, primarily BHP Billiton Ltd.'s (BHP) asking price. A sharp fall in supply, thanks to shipping bottlenecks and widespread flooding in Australia, caused the 2008 price to spike from 2007's US$98-a-ton price.

Global commodity prices across the board have all been revised in recent months, including coal. BMO Capital Markets expects the 2009 price to be around US$120 a ton, well down from 2008 prices.

"There's a feeling coal prices will have to approach 2007 prices or negotiations will go on well past April 1," one analyst said.

Another issue: Steel producers don't want to shut down furnaces because the cost of restarting is prohibitive. However, they will seek lower-grade coal to supplant the more expensive met coal as they cut steel output.

"That will have an obvious impact on Teck, BHP, Xstrata, etc," one analyst said. "At the same time, companies such as Western Canadian Coal might benefit because they produce that lower-graded PCI coal which might find more demand in 2009."

A substantially lower coal price will also affect Teck Cominco's cash flow and ability to pay down a substantial debt burden related to its US$14 billion takeover of Fording Canadian Coal Trust. Teck now has about C$10 billion in debt as a result of the deal, which closed in October. The company has suspended dividends, slashed capital spending and is selling assets to save more than C$1 billion as a first step to help pay down debt, a big chunk of which must be refinanced this fall.

"Teck has to sell as much met coal as it possibly can in 2009 as it pays down and refinances its debt," said one analyst. "The question is, if 20 million metric tons of production in 2009 - that's 4 million metric tons less than 2008 production - is enough cash flow for Teck."

Kerry Smith, analyst at Haywood Securities, said the impact of Teck Cominco's announced measures are positive.

"The reduction in staff is expected to generate annual savings of C$85 million and Teck will incur a one-time charge in the first quarter of 2009 of C$35 mllion related to these one-time severance costs," he said in a note. "Layoffs will be spread across all of Teck's operations and currently no new operations are planned for temporary closure."

He said he expects Teck will be able to refinance its C$5.81 billion bridge facility due in October.

In Toronto Thursday, Teck Cominco is down 32 Canadian cents, or 4.2%, to C$ 7.27 on 8.0 million shares.

Haywood has a sector outperform rating on Teck Cominco with a 12-month target price of C$12.50.

Company Web Site: http://www.teckcominco.com

[Kambyses]

Im Text ist diese Passage für WTN investierte von interesse:


2009 Coal Prices A Focal Point For Teck Cominco

Contract negotiations will soon start in earnest as both suppliers and clients like to have an annual agreement in place by April 1 each year. That might not materialize this year, analysts said.

Last year's contract price was US$305 a metric ton for high-grade Australian coal, primarily BHP Billiton Ltd.'s (BHP) asking price. A sharp fall in supply, thanks to shipping bottlenecks and widespread flooding in Australia, caused the 2008 price to spike from 2007's US$98-a-ton price.

Global commodity prices across the board have all been revised in recent months, including coal. BMO Capital Markets expects the 2009 price to be around US$120 a ton, well down from 2008 prices.

"There's a feeling coal prices will have to approach 2007 prices or negotiations will go on well past April 1," one analyst said.

Another issue: Steel producers don't want to shut down furnaces because the cost of restarting is prohibitive. However, they will seek lower-grade coal to supplant the more expensive met coal as they cut steel output.

"That will have an obvious impact on Teck, BHP, Xstrata, etc," one analyst said. "At the same time, companies such as Western Canadian Coal might benefit because they produce that lower-graded PCI coal which might find more demand in 2009.

[Kambyses]

http://www.financial.de/news/top-stories/2009/01/12/topstory…


financial.de TopStory: Das kanadische Bergbauunternehmen Teck Cominco Ltd wird 2009 aufgrund der stark rückläufigen Nachfrage beim Stahl seine Kohleförderung um 20 Mio t reduzieren und seine Belegschaft um 1.400 Arbeitsplätze kürzen. Das Unternehmen werde aber in allen Bereichen und nicht nur bei der stahlabhängigen Kohleförderung kürzen, erklärte der Sprecher des Unternehmens, Vice President Greg Waller. Die Belegschaft werde um 13% reduziert, sagte er. Dadurch würden Kosten reduziert, und zwar sowohl bei den Kohle- als auch bei den Zink- und Kupferaktivitäten. Analyst Kerry Smith von Haywood Securities rechnet damit, dass durch diese Maßnahme zirka 85 Mio CAD im Jahr an Kosten eingespart werden können.

Der Minenkonzern aus Vancouver folgt somit einer Reihe von Wettbewerbern, die für 2009 massive Einsparungen angekündigt haben. Erst Anfang laufender Woche hatte der Aluminiumkonzern Alcoa Inc die Kürzung seiner weltweiten Belegschaft um 13% oder 13.500 Arbeitsplätze mitgeteilt und eine Gewinnwarnung herausgegeben. Der Konzern rechnet mit für das vierte Quartal 2008 mit einem Nettoverlust von 1 Mrd USD. Auch andere Unternehmen wie Xstrata plc und MacArthur Coal Ltd haben bereits Produktionskürzungen bei Kokskohle angekündigt.

Ferner sind auch kleinere kanadische Kohleförderer vom Konjunkturrückgang betroffen. So hat etwa die Western Canadian Coal Corp laufende Woche mitgeteilt, die Produktion von PCI (Pulverized Coal Injection) an ihrer Mine Brule im Mai zu stoppen. Zudem werde das Unternehmen den Output an der Mine Wolvermine um 550.000 t im Jahr herunterfahren. Grund sind steigende Lagerbestände.

Ein anderes kanadisches Unternehmen, die Grand Cache Coal Corp, hat mitgeteilt, dass zahlreiche Kunden ihre Aufträge schieben würden, weswegen es für das laufende Quartal mit einem starken Umsatzrückgang rechnet. Somit unterzieht es alle geplanten Investitionen einer strengen Prüfung, die insgesamt in einer Kürzung der Ausgaben resultieren soll.

financial.de 12.01.2009

[marvessa]

tja, was macht der Kurs daraus ???der Druck auf den Aktinemärkten wird noch bleiben

Ferner sind auch kleinere kanadische Kohleförderer vom Konjunkturrückgang betroffen. So hat etwa die Western Canadian Coal Corp laufende Woche mitgeteilt, die Produktion von PCI (Pulverized Coal Injection) an ihrer Mine Brule im Mai zu stoppen. Zudem werde das Unternehmen den Output an der Mine Wolvermine um 550.000 t im Jahr herunterfahren. Grund sind steigende Lagerbestände

[Kambyses]

Alles über die canadischen Kohlevorkommen und Förderung:

http://www.nrcan-rncan.gc.ca/mms-smm/busi-indu/cmy-amc/conte…

[Kambyses]

Diesmal richtig verlinkt:


http://www.nrcan-rncan.gc.ca/mms-smm/busi-indu/cmy-amc/conte…

[erti]

[Kambyses]

http://www.newswire.ca/en/releases/archive/February2009/12/c…


Attention Business/Financial Editors:
Western Canadian Coal Achieves Another Record Quarter

VANCOUVER, Feb. 12 /CNW/ - Western Canadian Coal Corp. (TSX: WTN, WTN.DB
& WTN.WT and AIM: WTN) (the "Company") announces its operating results for the
three and nine month period ended December 31, 2008. During this period, the
Company's financial position continued to strengthen as a result of strong
cash flow from operations. Net income for the third quarter of fiscal 2009 was
$62.5 million or earnings per share of $0.30 and $0.29, on a basic and diluted
basis, respectively. For the nine month period ending December 31, 2008, the
Company has earned net income of $167.0 million or earnings per share of $0.96
and $0.84 on basic and diluted basis, respectively.
Income from mining operations increased to $94.2 million in the third
quarter of fiscal 2009. This compares to the loss from mining operations of
$7.9 million in the similar period of the previous year and income from mining
operations of $81.9 million in the second quarter of fiscal 2009. The increase
over the third quarter of fiscal 2008 was achieved primarily as a result of
higher coal prices realized from the current coal year contracts and
favourable foreign exchange rates, which resulted in coal sales of $176.6
million.
Coal shipments for the third quarter of fiscal 2009 were 513,000 tonnes
or 26% lower than the same quarter of 2008 and 15% lower than the second
quarter of fiscal 2009. The average realized price of $344 per tonne in the
current quarter was 330% higher than the same quarter of 2008 and 23% higher
than the second quarter of 2009. All of the Company's coal sold in the third
quarter of fiscal 2009 was sold at approximately US$300 per tonne for hard
coking coal and US$248 per tonne for ultra low-volatile PCI ("ULV-PCI") coal.
Favourable exchange rates also aided to the improved prices realized from the
sale of the Company's coal in this quarter over previous quarters. The lower
shipment levels are a result of lower production levels and customer orders
being deferred into subsequent quarters. No customers have cancelled their
current coal year contracts.
Coal production for the third quarter of fiscal 2009 was 609,000 tonnes
or 22% lower than the same quarter of 2008 and 2% higher than the second
quarter of 2009. Cash costs in the third quarter 2009 were $146 per tonne as
compared to $131 and $81 per tonne in the second quarter 2009 and third
quarter 2008, respectively. While the Wolverine operation continues to
struggle to release the coal, productivity (total bank cubic metres of
materials handled per day) continues to improve. During the current quarter,
total spending was lower than expected due to the 8-day production curtailment
taken at the Wolverine and Brule mines over the December holidays; however
cash costs per tonne have increased due to continued high stripping ratios.
Brule continues to meet all productivity expectations.
Due to the global economic uncertainties, the near-term demand for
metallurgical coal has declined which has resulted in a build-up of inventory
levels in the industry. The Company has developed a cash preservation plan
which includes reviewing for the remainder of fiscal 2009 and beyond, all
discretionary capital expenditures, all non-discretionary spending to contain
mining costs and deferring future projects. To date, this has resulted in
suspension of development at the Willow Creek mine, reducing production levels
at the Brule mine to an annual run-rate of 750,000 tonnes per year, and
providing notice at the Wolverine operations to employees of a possible
curtailment of operations after May 18, 2009. The Company has also given
notice to its mine contractor that after May 18, 2009, the operations of the
Wolverine mine will be conducted by the Company, further reducing costs.
Future operating rates at the mines will be made once future coal prices and
sale commitments have been established.
The balance sheet of the Company continues to strengthen. As at December
31, 2008 the Company's working capital position improved by $183.0 million to
a positive working capital position of $110.7 million when compared to March
31, 2008. Also, the Company's debt to shareholders' equity ratio has improved
to 0.51 from 2.81 during this period.
Mr. John Hogg, President & CEO of Western Canadian Coal Corp. comments,
"Given the tremendous uncertainty for the demand of metallurgical coal for the
next coal year and the resultant price, to remain competitive we are working
hard to reduce costs and increase productivity as fast as we can. Until then,
we intend to preserve the strength of our balance sheet, ensure we remain
flexible to meeting our customer's needs and opportunistically grow the
Company."

News Release

This news release is prepared as at February 12, 2009 and should be read
in conjunction with the Company's audited financial statements for the year
ended March 31, 2008 and notes contained therein, and Management's Discussion
and Analysis (MD&A) for the same period. This news release does not constitute
a MD&A as contemplated by relevant securities rules. Western Canadian Coal
Corp.'s Unaudited Interim Consolidated Financial Statements and MD&A for the
three and nine months ending December 31, 2008 are available on SEDAR at
www.sedar.com under the Company's profile and on the Company's website at
www.westerncanadiancoal.com.

[Kambyses]

http://www.newswire.ca/en/releases/archive/February2009/12/c…


Financial Summary - unaudited:

The information set out below has been extracted from the Unaudited
Interim Consolidated Financial Statements of Western Canadian Coal Corp. for
the three and nine months ended December 31, 2008.

<<
(In thousands of Canadian dollars, December 31, March 31,
except tonnes and per share data) 2008 2008
-------------------------------------------------------------------------
Cash & cash equivalents $ 77,433 $ 14,137
Accounts receivable 54,657 11,418
Inventory 46,793 24,173
Total current assets 180,149 54,552
Total assets 628,648 453,324

Current liabilities $ 69,458 $ 126,891
Convertible debentures 61,263 140,411
Other long-term liabilities 80,325 67,032
Shareholders' equity 417,602 118,990
Total liabilities and shareholders' equity 628,648 453,324

Current ratio (current assets/current
liabilities) 2.59 0.43
Debt to equity ratio (total debt/shareholders'
equity) 0.51 2.81
-------------------------------------------------------------------------



Three months ending Nine months ending
December 31, December 31,
-------------------------------------------------------------------------
2008 2007 2008 2007
-------------------------------------------------------------------------
Tonnes sold 513,000 693,000 1,696,000 2,178,000

Revenue $ 176,561 $ 55,132 $ 474,409 $ 177,198
Cost of goods sold 82,410 63,064 245,373 202,633
Income (loss) from mining
operations 94,151 (7,932) 229,036 (25,435)
Other expenses 3,849 13,331 33,188 29,371
Income tax expense 27,824 - 28,918 13,380
Net income (loss) $ 62,478 $ (21,263) $ 166,930 $ (68,186)

Earnings (loss) per share,
basic $ 0.30 $ (0.18) $ 0.96 $ (0.62)
Earnings (loss) per share,
diluted $ 0.29 $ (0.18) $ 0.84 $ (0.62)
-------------------------------------------------------------------------
>>

Included in the above balances and results are the Company's
proportionate share of its interest in the results from the Belcourt Saxon
joint venture.

Revenues

For the three month period ended December 31, 2008, total sales revenues
were $176,561,000 from the sale of 513,000 tonnes of coal. The average price
per tonne realized during the period was $344 or US$279.
For the three month period ended December 31, 2007, total sales revenues
were $55,132,000 from the sale of 693,000 tonnes of coal. The average price
per tonne realized during the period was $80 or US$81.
The primary reason for the 220% increase in the Company's total revenues
over the comparable period in the prior year is the increase in sales price
realized and the strengthening of the US dollar, although this was offset by a
lower sales volume. The increase in sales price is a result of higher coal
contract prices. The average exchange rate of the US dollar in relation to the
Canadian dollar in the three month period ended December 31, 2008 was $1.23
compared to $0.98 in the comparable period in the prior year.

Cost of goods sold

Cost of goods sold for the three months ended December 31, 2008,
including costs of product, transportation, and depletion, amortization and
accretion charges totaled $82,410,000 or approximately $161 per tonne compared
to $63,064,000 or approximately $91 per tonne in the third quarter of fiscal
2007. Cost of goods sold includes cost of production, transportation, and
depletion, amortization and accretion charges as presented in the table below:

<<
Three Three
months months
ending ending
(In thousands of Canadian December December
dollars) 31, 2008 $/tonne 31, 2007 $/tonne
-------------------------------------------------------------------------
Cost of product sold $ 59,510 $ 116 $ 38,762 $ 56
Transportation and other 15,252 30 17,194 25
Depletion, amortization
and accretion 7,648 15 7,108 10
-------------------------------------------------------------------------

Total cost of goods sold $ 82,410 $ 161 $ 63,064 $ 91
-------------------------------------------------------------------------
>>

The per unit cost of product sold in the third quarter fiscal 2009
increased 108% as compared to the third quarter fiscal 2008. This is due to
lower coal production volumes from the Company's Perry Creek Mine which was
caused by higher stripping ratios, chronic labour shortages, and a lower coal
yield experienced as a result of the areas being mined. Lower coal production
volume also is attributed to the mines being closed for 8 days during December
2008. Higher equipment rental costs, higher fuel and explosives costs and
higher mining contractor costs also impacted the costs during the period.
Transportation and other costs has increased due to an increase in
contract transportation rates and higher fuel costs. Also, the increase can be
attributed to a significant increase in the rail fuel surcharge and the
implementation of the British Columbia Provincial Carbon Tax.
Depletion, amortization and accretion charges increased due to the
additional depletion, amortization and accretion charges related to the Perry
Creek mine assets that were acquired or brought into production or
commissioned during the last nine months of fiscal 2008.
For the third quarter 2008, cash costs, which consist of cost of product
and transportation costs, which is considered a key performance indicator for
the industry, were $146 per tonne compared to $81 per tonne for the quarter
ended December 31, 2007.

Income from mining operations

Income from mining operations for the three months ended December 31,
2008 was $94,151,000 or 53% of sales. This compares favourably to the
$7,932,000 loss from mining operations in the three months ending December 31,
2007.

Other expenses

Other expenses, for the quarter ending December 31, 2008, were $3,849,000
and include the following:

<<
Three months ending December 31,
(In thousands of Canadian dollars) 2008 2007
-------------------------------------------------------------------------

General, administration and selling $ 5,532 $ 3,805
Coal exploration and other mine costs 4,276 1,809
Interest and financing fees on long-term debt 2,948 5,491
Unrealized gain on forward exchange contracts (3,403) -
Other (income) expense (5,504) 2,226
-------------------------------------------------------------------------

Total other expenses $ 3,849 $ 13,331
-------------------------------------------------------------------------
>>

General, administration and selling costs for the three month period
ended December 31, 2008 increased by $1,727,000 or 45% over the same period in
the prior fiscal year. The increase is primarily due to an increase in
salaries, benefits and other remuneration and sales and marketing costs. The
increase in salaries, benefits and other remuneration expenses are based on
changes to the Company's compensation programs. Sales and marketing expenses,
which are a function of coal sales, have increased due to the higher sales
price received on the Company's coal in the second quarter of fiscal 2009 when
compared to fiscal 2008.
Coal exploration and other mine costs for the three month period ended
December 31, 2008, including the Company's proportionate share of expenses
recorded by the Belcourt Saxon Coal Limited Partnership ("the Partnership") of
$295,000, increased to $4,276,000 from $1,809,000 in the same period in the
prior fiscal year.
For the three months ended December 31, 2008, coal exploration costs
consisted of $295,000 for the Partnership and $557,000 for other properties
whereas in the prior comparable period, the costs consisted of $191,000 for
the Partnership, $1,442,000 for the Willow Creek Mine and $176,000 for other
properties. The decrease in coal exploration costs for the Willow Creek Mine
relate to the acquisition of FMC and the capitalization of all costs
subsequent to the acquisition as it is moved from the development stage to
production stage. Coal exploration costs include property development
expenditures, field programs, consultants, coal license and lease payments,
engineering, environmental costs and other project administration expenses.
Exploration costs are charged to earnings in the quarter in which they are
incurred, except where these costs related to specific properties for which
economically recoverable reserves have been established, in which case they
are capitalized.
Care and maintenance costs for the three months ended December 31, 2008
were $280,000 and relate to the carrying costs for the Willow Creek Mine.
Previously, the costs at the Willow Creek Mine were being capitalized as
pre-production costs.
Demobilization costs for the three months ended December 31, 2008 were
$3,144,000 and relate to the cost the Company incurred for the demobilization
of various contractors as part of the temporary suspension of the development
of the Willow Creek Mine.
For the three month period ended December 31, 2008, interest, accretion
and financing fees on liabilities was $2,948,000 compared to $5,491,000 in the
same period in the prior fiscal year. This decrease is due to the conversion
of the Company's convertible debentures and repayment of other liabilities.
For the three month period ended December 31, 2008, the Company recorded
$3,403,000 of unrealized gains relating to its outstanding forward currency
contracts. At December 31, 2007, the company did not have any forward currency
contracts outstanding.
Other income/expenses amounted to $5,504,000 for the three month period
ended December 31, 2008 as compared to $2,226,000 in the prior year. Other
income/expenses for the three month period ended December 31, 2008 consisted
of $5,379,000 of foreign exchanges gains and $449,000 of interest income
offset by $252,000 of realized forward currency contract losses and $72,000 of
other expenses. Other income/expense for the three month period ended December
31, 2007 consisted of $2,746,000 of realized forward exchange losses offset by
$229,000 of interest income and $291,000 of miscellaneous income.

Net Income

Net income for the three month period ended December 31, 2008 was
$62,478,000 compared to a net loss of $21,263,000 for the same period in the
prior fiscal year. The net income reflects the previously discussed changes to
Income from mining operations and Other expenses and an income tax expense of
$27,824,000 reflecting a current income tax expense of $12,042,000 and a
future income tax expense of $15,782,000.

Market Outlook

All of the Company's current fiscal 2009 coal production is under
contract for sale at approximately US$300 per tonne for hard coking coal and
US$248 per tonne for its ULV-PCI coal. At the time of the fiscal 2009 coal
price negotiations, the US/Canadian dollar exchange rate was at parity. In
October 2008, the Company entered into foreign currency contracts totaling
US$338 million to help manage the uncertainty of foreign exchange fluctuations
in the market. The contracts were for approximately 65% of the Company's
remaining coal sales in fiscal 2009. The contracts mature each month through
to April 2009. They are at an average rate of C$1.2319 per US$1.00. In January
2009, as a result of the lower than expected sale volumes for the fourth
quarter, the Company closed US$145 million of forward sale contract for a
realized gain of C$4.9 million. The remaining contracts of US$74 million are
at an average rate of C$1.237 per US$1.00 and mature monthly until April 2009.
The current economic downturn has resulted in significant cutbacks in
steel production on the part of our customers. This in turn has affected the
short term demand for metallurgical coal, leading to production cutbacks at
our operations. The Company believes the economic stimulus packages introduced
by governments around the world will be beneficial to increased steel
production and therefore increase the demand for metallurgical coal.
Subject to the world economies improving, in the longer term, the Company
believes that the market fundamentals for metallurgical coal will provide
substantial opportunity to further increase market diversity and market share.
The Company's Wolverine hard coking coal is now firmly established as a blend
component with the world's leading steel mills. The Company's Brule Mine
ULV-PCI coal is consistently ranked in the top three PCI coals worldwide.
These coals, in conjunction with highly efficient rail and port infrastructure
with excess capacity, continue to provide the Company a strategic advantage to
grow and diversify.

Guidance

The Company's Wolverine hard coking coal and Brule Mine ULV-PCI coals
have been sold to major steel mills throughout Asia and Europe. Long term
supply agreements have been concluded with top tier steel mills for the next
three to five years.
For the fourth quarter of 2009, the Company expects to produce
approximately 560,000 to 600,000 tonnes of coal and have sales of
approximately 370,000 to 480,000 tonnes. The average sales price should be
approximately US$250 per tonne in the fourth quarter.

Liquidity and Capital Resources

The Company's aggregate operating, investing and financing activities
during the nine month period ended December 31, 2008 resulted in a net
increase to cash of $63,296,000. As at December 31, 2008, the Company's cash
balance stood at $77,433,000 (including the Company's share of the
Partnership's cash of $51,000) and working capital was $110,691,000. The
increase in the coal prices for fiscal 2009 is the primary reason for the
Company's working capital levels.
For the nine month period ended December 31, 2008, the Company had
positive cash flow of $251,121,000 on coal sales of $474,409,000 before
depletion, amortization and accretion and working capital changes, while for
the nine month period ended December 31, 2007, a cash flow deficit of
$3,068,000 on coal sales of $177,198,000.
As at December 31, 2008, the Company had not drawn into its short-term
credit facility. In January 2009, the credit facility was reduced from $50
million to $30 million.

Conference Call

The Company will be hosting a conference call to discuss the third
quarter 2009 operating results at 8:00am (PST) on February 13, 2009. To
participate on the call, dial either 1-800-732-6179 or 416-644-3418. The call
will also be webcast live on the Company's website at
www.westerncanadiancoal.com.

Profit Estimate

As the Company is currently in an offer period, for the purposes of the
UK City Code on Takeovers and Mergers (the "Code"), the unaudited results for
the three and nine month period ending December 31, 2008 represents a profit
estimate. It is a requirement of the Code that the profit estimate be reported
on by the Company's auditors and financial advisers in the terms set out in
Rule 28 of the Code. The basis of the preparation of this profit estimate, the
assumptions on which it is based, and the text of the letters from the
Company's auditors and financial advisers are set out below.

About Western Canadian Coal

Western Canadian Coal Corp. produces high quality metallurgical coal from
mines located in the northeast of British Columbia. The coal is sold to many
of the top steelmakers in the world. The Company also has interests in various
coal properties in northern and southern British Columbia and a 50% interest
to explore and develop the Belcourt and Saxon group of properties in northern
BC. Currently, these properties provide the company with an estimated 15 years
of coal reserves at current production levels. For more information, please
visit www.westerncanadiancoal.com.

Forward-Looking Information

This news release contains "forward-looking information" within the
meaning of applicable securities laws. Generally, forward-looking information
can be identified by the use of forward-looking terminology such as "plans",
"expects", or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "does not anticipate",
or "believes" or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might", or "will
be taken", "occur", or "be achieved". Forward-looking information is based on
the opinions and estimates of management at the date the information is made,
and is based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking information.
Many of these assumptions are based on factors and events that are not within
the control of Western and there is no assurance they will prove to be
correct. Factors that could cause actual results to vary materially from
results anticipated by such forward-looking information include changes in
market conditions, variations in coal recovery rates, risks relating to
operations, fluctuating coal prices and currency exchange rates, changes in
project parameters, the possibility of unanticipated costs and expenses,
labour disputes and other risks of the mining industry, failure of plant,
equipment or processes to operate as anticipated, the business of the
companies not being integrated successfully or such integration proving more
difficult, time consuming or costly than expected as well as those risk
factors discussed in the Annual Information Form for the year ended March 31,
2008 for Western available on www.sedar.com. Although Western has attempted to
identify important factors that could cause actual actions, events or results
to differ materially from those described in forward-looking information,
there may be other factors that cause actions, events or results not to be
anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Western undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions should
change except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking information.

<<
WESTERN CANADIAN COAL CORP.
"John Hogg", President and Chief Executive Officer


February 12, 2009

The Board of Directors
Western Canadian Coal Corp.
Suite 900, 580 Hornby Street
Vancouver, BC V6C 3B6

Cenkos Securities plc
6.7.8 Tokenhouse Yard
London EC2R 7AS
>>

Dear Sirs:

We report on the unaudited results of the Western Canadian Coal Corp.
consolidated with its subsidiaries (the "Company") for the three and nine
month periods ended December 31, 2008 and the basic and diluted earnings per
share of the Company for the three and nine months ended December 31, 2008
(together, the "Unaudited Financial Information"). The Unaudited Financial
Information and the basis on which it is prepared are included in the
Company's third quarter unaudited interim results issued by the Company on
February 12, 2009 (the "Document").
This report is required by Rule 28.3(b) of the City Code on Takeovers and
Mergers issued by the Panel on Takeovers and Mergers (the "City Code") and is
given for the purpose of complying with that rule and for no other purpose.
Accordingly, we assume no responsibility in respect of this report to Cambrian
Mining Plc (the "Offeree") or to any person connected to, or acting in concert
with, the Offeree or to any other person who is seeking or may in future seek
to acquire control of the Company (an "Alternative Offeror") or to any other
person connected to, or acting in concert with, an Alternative Offeror.

Responsibilities

It is the responsibility of the directors of the Company (the
"Directors") to prepare the Unaudited Financial Information in accordance with
the requirements of the City Code. In preparing the Unaudited Financial
Information the Directors are responsible for correcting errors that they have
identified which may have arisen in unaudited financial results and unaudited
management accounts used as the basis of preparation for the Unaudited
Financial Information.
It is our responsibility to form an opinion as required by Rule 28.3(b)
of the City Code as to the proper compilation of the Unaudited Financial
Information and to report that opinion to you.
Save for any responsibility under Rule 28.3(b) of the City Code to any
person as and to the extent therein provided, to the fullest extent permitted
by law we do not assume any responsibility and will not accept any liability
to any other person for any loss suffered by any such other person as a result
of, arising out of, or in connection with this report or our statement,
required by and given solely for the purposes of complying with Rule 28.4 of
the City Code, consenting to its inclusion in the Document.

Basis of Preparation of the Unaudited Financial Information

The Unaudited Financial Information has been prepared on the basis stated
in the unaudited interim financial results for the three and nine months ended
December 31, 2008 issued by the Company on February 12, 2009.

Basis of Opinion

We conducted our work in accordance with the Standards for Investment
Reporting issued by the Auditing Practices Board in the United Kingdom. Our
work included evaluating the basis on which the historical financial
information for the three and nine months to December 31, 2008 included in the
Unaudited Financial Information has been prepared and considering whether the
Unaudited Financial Information has been accurately computed using that
information and whether the basis of accounting used is consistent with the
accounting policies of the Company.
We planned and performed our work so as to obtain the information and
explanations we considered necessary in order to provide us with reasonable
assurance that the Unaudited Financial Information has been properly compiled
on the basis stated.
However the Unaudited Financial Information has not been audited. The
actual results reported, therefore, may be affected by revisions required to
accounting estimates due to changes in circumstances, the impact of unforeseen
events and the correction of errors in the interim financial results.
Consequently we can express no opinion as to whether the actual results
achieved will correspond to those shown in the Unaudited Financial Information
and the difference may be material.
Our work has not been carried out in accordance with auditing standards
generally accepted in Canada and accordingly should not be relied upon as if
it had been carried out in accordance with those standards.

Opinion

In our opinion, the Unaudited Financial Information has been properly
compiled on the basis stated and the basis of accounting used is consistent
with the accounting policies of the Company.

<<
Yours very truly,

"PricewaterhouseCoopers LLP"

Chartered Accountants

Cenkos Securities plc
6.7.8 Tokenhouse Yard
London EC2R 7AS

February 12, 2009

Board of Directors
Western Canadian Coal Corp.
Suite 900, 580 Hornby Street
Vancouver, BC V6C 3B6
>>

Dear Directors:

We refer to the estimate (the 'Profit Estimate') comprising of the
revenue and profit from continuing operations for the period 1 April 2008 to
31 December 2008 for Western Canadian Coal Corp. (the 'Company').
The Profit Estimate and the basis on which it is prepared is set out in
the Company's Third Quarter Results announcement (the 'Third Quarter
Results').
We have discussed the Profit Estimate, together with the basis on which
it is prepared, with the Company and with PricewaterhouseCoopers LLP.
We have also considered the letter dated 5 February 2009 addressed to the
Company from PricewaterhouseCoopers LLP regarding the accounting policies and
calculations upon which the Profit Estimate is based.
This letter is provided in compliance with Rule 28.3(b) of The City Code
on Takeovers and Mergers and may be included in the Third Quarter Results
solely for the purposes of that Rule.
On the basis of the foregoing, we consider that the Profit Estimate, for
which the directors of the Company are solely responsible, has been made with
due care and consideration and after due and careful enquiry by the Company.

<<
Yours faithfully,

Cenkos Securities plc