Coal producers face 30% cut in demand from Japan

Article Abstract:

Canadian coal producers are expected a huge cut in their exports following a request from the Japanese steel industry for reductions of up to 30% in volumes delivery in 1999. Japan has sought the cut because of an oversupply in steel due to weak demand as a result of the Asian economic recession. Coal producers, who were already forced to take price cuts of 18% from Japanese importers in Apr 1998, ship more than half of their exports to Japan.

Japan, Coal, Coal Mining, Exports

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Crabbe Huson to pay $160,000 to settle OSC investment case

Article Abstract:

Crabbe Huson Group Inc, a brokerage firm based in Portland, OR, has agreed to settle a case filed by the Ontario Securities Commission concerning the company's failure to immediately report its investment in Lytton Minerals Ltd, a diamond exploration firm based in Vancouver, Canada, by paying C$160,000. The settlement money includes C$40,000 to reimburse the OSC on its investigation and C$120,000 to be set aside for the benefit of investors.

Government regulation (cont), Securities Brokerage, Crabbe Huson Group Inc.

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