Active Control Technology Inc ATIVF

RE: Coal

[DAM$]

The growing economies of the world will demand more and more coal for years to come.
The following is from a press release about the from the 3.4 Billion dollar acquisition of Western Coal Corp 

Earlier this week an official with the China's coal association said the country's demand for coal will continue to increase in the next five years and is expected to reach 3.8 billion tonnes in 2015. The surprising surge in coal demand has sent coal prices up to two year highs and brought upon a wave M&A speculation.

Shares of Canada-based Western Coal Corporation have skyrocketed in the past week after Walter Energy offered to buy the company for $3.2 billion. If deal talks are successful, Brean Murray Carret & Co analysts say that the combined firm will be one of the world's biggest providers of metallurgical coal. Walter Energy expressed interest in increasing its access to coal as the company has forecast over 50 percent growth in global steel output in the next decade, boosting consumption of coking coal.