Sikafo Gold Mines Ltd.
Pembleton Minerals Observes Changing Landscape for Coal
Pembleton Minerals & Metallurgical Co.Ltd. / Key word(s): Miscellaneous 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 future acquisitions 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.
Pembleton Minerals and Metallurgical Co. Ltd. Email: info@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 |
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