NuCoal Energy Corp.(NuCoal) is a private company founded in 2008 by Alan Cruickshank President, CEO, Managing Director; Steve Halabura P. GEO, Managing Director and Tom MacNeill CFA, President of 49 North Resources and advisor to NuCoal.
The company's purpose was to secure development rights to a significant known coal resource in southern Saskatchewan. NuCoal is the largest coal landholder in the province of Saskatchewan with a total of approximately 1.7 million hectares.
Using the data from the National Coal Survey of Canada the Federal and Provincial governments assembled a report that indicates a resource in excess of 5 billion tonnes of coal in southern Saskatchewan. This data is based on information from 4,631 drill holes drilled in the 1970's and 1980's as part of the national coal strategy.
|Lignite Coalfields and Coal Zones||Lignite Reources of Immediate Interest (million tonnes)||Lignite Resource of Future Interest (million tonnes)|
*This information, obtained from the GSC National Coal Inventory completed in the 1980's, is not NI 43-101 compliant. A copy can be obtained at Saskatchewan Industry and Resources or at our website.
** Chart includes Measured, Indicated, Inferred, and Speculative amounts
*** Other companies have control over some of the resources indicated
Objective: To identify potential development opportunities to monetize the coal resource through the production of clean energy.
- 2010-10-06 Prof. Frank Clemente, "the world is turning to coal," by 2030, coal consumption will have increased by 53% and coal-fired power generation by 85%. Coal will account for 48% of global incremental electricity generation over the next 20 yrs.
- 2010-10-07 According to a report by China's Xinhua News Agency, China is expected to have the world's largest coal-conversion industry by 2020.
- 2010-10-19 October 19, 2010 Notice to Shareholders available under Investors (News Releases).