Compliance Energy Corp.
Compliance Energy Corporation (Compliance) is a Canadian power company engaged in the development of a 56 megawatt green power project located near Princeton, British Columbia, Canada. The Company also has coal resources that it is exploring on Vancouver Island. The Basin Coal Mine is 100% owned by Compliance and is Compliance has the right to develop and mine the coal from nine coal licenses covering 8,295 acres. It has the right to purchase 100% of the Raven Metallurgical Coal Project located on Vancouver Island. The Bear Metallurgical Coal Project is 100% owned by Compliance and it has the right to develop and mine the coal from seven coal licenses covering 4,325 acres. During the year ended December 31, 2007, the Company entered into an amended agreement to acquire coal rights that cover approximately 82,000 acres on Vancouver Island, including 100% of the Raven Coal Deposit.
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Jameson Resources Limited (ASX:JAL) advises that it has filed a Technical Report in relation to the updated coal resource estimate on the Basin Thermal Coal Project. The report dated September 4, 2009 has been filed onto the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR") by the project vendors, Compliance Energy Corporation ('Compliance').
Yesterday the Aussie market ended higher amid expectations debt-laden Rio Tinto would announce the A$30 billion deal with Chinese steelmaker Chinalco. The benchmark S&P/ASX200 was up 39.9 points, or 1.15 per cent, at 3,514.3, while the broader All Ordinaries rose 40.4 points, or 1.18 per cent, to 3,458.5. Today investors will also be looking to the proceeding of government's A42$ billion economic stimulus package as Parliament will debate a new version after the Senate rejected the government's first proposed plan.
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