Coal Mining

Xinergy Ltd. Announces Filing of Ni 43-101 for Greenbrier Metallurgical Coal Reserves

South Fork Coal Company, LLC, a wholly owned subsidiary of Xinergy Ltd., a US Central Appalachian producer of high quality coal, is pleased to announce that it has completed a detailed review of the mineral exploration, development and production activities at its Greenbrier metallurgical coal reserves (“the Property”) located in Greenbrier... 

Prophecy Makes Strategic Investment in Compliance Energy Corporation

Prophecy Resource Corp. reports that it has acquired 5,000,000 common shares of Compliance Energy Corporation (“Compliance”), representing approximately 8% of Compliance outstanding shares by means of a non-brokered private placement. Compliance’s majority interest is the Raven Coking Coal Project located on Vancouver Island, Canada... 

Westmoreland Declares Dividend on Preferred Stock

Westmoreland Coal Company announced today that its Board of Directors has declared a dividend of $0.53125 per depositary share payable on April 1, 2011 to holders of record as of March 21, 2011. Each depositary share represents one-quarter of a share of the Company’s Series A Convertible Exchangeable Preferred Stock. Westmoreland Coal Company is the... 

Cardero Enters Into Letter of Intent to Acquire Coalhunter Mining Corporation

Cardero Resource Corp. and Coalhunter Mining Corporation announce that the companies have entered into a letter of intent (the “LOI”) whereby Cardero will acquire all of the outstanding securities of Coalhunter not held by Cardero (the “Transaction”). Cardero currently holds approximately 45.5% of the common shares of Coalhunter,... 

Aquila Resources Inc.: Intercept Hits 12 Meters of 15.26 Grams Per Tonne Gold at Back Forty; Exploration Alliance Acquires New Properties

AQUILA RESOURCES INC. is pleased to announce a project update including additional drill results from the Back Forty Joint Venture. The results from these holes are considered very encouraging in that they confirm mineralization at the Back Forty project persists at depth and for significant distances from the established resource. The Company is also... 

Xinergy Ltd. Increases Thermal Coal Reserves Via Lease Agreement of Brier Creek Property in West Virginia

Xinergy Ltd., a US Central Appalachian producer of high quality coal, today announces the completion of a definitive lease agreement (“the Transaction”) with Penn Virginia Operating Co., LLC. (NYSE:PVG – News) for the tract of land known as Brier Creek (the “Parcel” or the “Property”). The Parcel lies adjacent... 

China Energy Corp. Reports Record Fiscal Year 2010 Results; Revenues increase 103% to $88 million and net income increases 245% to $17.6 million

China Energy Corporation a producer and trader of coal for domestic heating, electrical generation, and coking purposes and a supplier of heating and electric energy services in Inner Mongolia, today announced financial results for the fourth quarter and fiscal year ended November 30, 2010. Revenues for fiscal 2010 fourth quarter ended November 30 totaled... 

L & L Energy Announces On-Site Visits to China Operations and Coal Mines

L & L Energy, Inc, a U.S.-based company since 1995 with coal mining and distribution businesses in China, announced today that it has scheduled two on-site visits to its mining operations in China for institutional investors, analysts, retail brokers, and media personnel. The first site visit is scheduled for March 9, 2011 and includes a trip to... 

Royal Coal Repays $8.1 Million of Indebtedness

Royal Coal Corp. announces that it has repaid the following indebtedness, and the completion of certain administrative matters set out below. The Company has repaid US$4,200,000 to Cheyenne Resources Inc. (“Cheyenne Resources”), being the remaining principal amount outstanding under the debenture issued to Cheyenne Resources as part of the... 

Laurion Identifies Additional Mineralized East Ridge Zone on Bell Mountain Project, Nevada

Laurion Mineral Exploration Inc. is pleased to provide shareholders with an update on the Bell Mountain project located in Churchill County, Nevada. Project geologists have examined an additional mineralized zone in the field called the East Ridge which is located approximately 1.5 kilometers to the east of the current Bell Mountain Varga and Spurr...