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By Gary Park
Mining News Calgary Correspondent 

Coal miner leads Canadian IPO returns

Grande Cache coal reaps 523% gain, picks up first deal with Asian customers; sector reveling in demand for metallurgical coal

 

Last updated 1/30/2005 at Noon



In a rebound year for Canadian coal, it was no surprise that Grande Cache Coal topped the performance list of companies that made initial public offerings in 2004.

Bolstered by a threefold rise in the price of metallurgical coal, the Alberta-based company posted a 523 percent share gain after going public in May and reaping total proceeds of C$57.2 million.

It easily outpaced the rest of the...



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