Saturn Minerals Inc. ("Saturn" or the "Company") reports that completions have begun at its Bannock Creek project in northeastern Saskatchewan where the Company intersected three potential reservoirs within the Red River Formations. A work over rig has been mobilized to the well site and operations are expected to begin today. The completions program is being run in conjunction with Axiom Explorations Ltd. of Saskatoon, Saskatchewan.
Gobi Coal & Energy ("Gobi Coal") is pleased to announce its ongoing strategic initiative to expand across the energy resources value chain into hard coking coal, coking coal mine consolidation, and graphite and uranium development and mining both inside and outside of Mongolia.
Morien Resources Corp. ("Morien" or the "Company"), is pleased to provide an update on development activities at the Donkin Coal Project ("Donkin" or the "Project") in Cape Breton, Nova Scotia, where owner/operator Kameron Collieries ULC ("Kameron"), a subsidiary of The Cline Group LLC, has been actively advancing the Project toward production. Morien has a gross production royalty on all coal sales from the Project.
New Colombia Resources, Inc. ("New Colombia or the 'Company"), a U.S. company with specialty metallurgical coal, raw building materials, medical marijuana, and hemp assets, is pleased to announce the filing of their Work Plan to process aggregates, identified in Colombia as the Plan de Trabajo y Obra (PTO), on January 25, 2016. This 200-page document has File # 2016-14-637 with the Agencia Nacional de Mineria.
Rhino Resource Partners LP announced today that it has completed the sale of its Central Appalachia Deane mining complex to Quest Energy Inc.. The Partnership’s Deane mining complex is located in eastern Kentucky and includes one underground mine and related infrastructure that consists of a preparation plant and a unit train loadout facility.
Cliffs Natural Resources Inc. has closed the sale of its remaining coal business, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources, LLC. Cliffs values the transaction at closing at $268 million based on Seneca Coal assuming all liabilities of the business. Additionally, Seneca Coal may pay Cliffs an earn out of up to $50 million contingent upon the terms of a revenue sharing plan which extends through the year 2020.
WellDog released today the third generation of its GasMapper coal gas assessment service, extending the successful service to use in the slim boreholes used widely by the coal mining industry.
Anglo Pacific Group PLC ("Anglo Pacific" or the "Company"), the London and Toronto listed royalty company, is pleased to provide an update on its Narrabri royalty. This follows an announcement by the operator of the Narrabri Mine, Whitehaven Coal Limited ("Whitehaven"), on December 10, 2015.
Peabody Energy announced today that it has entered into a definitive agreement to sell its New Mexico and Colorado coal assets to Bowie Resource Partners, LLC for $358 million in cash, subject to customary working capital adjustments. Bowie will also assume approximately $105 million in related liabilities.
Market research titled Global Coal Mining to 2020 comprehensively covers global reserves of coal and reserves by country and region, proximate analysis of various coal and reserves by selected mines with an outlook to 2020.
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