Archive for the " Coal Mining " Category

Quest Adds Larger Shuttle Car to the Mix

August 12th, 2008
Quest Adds Larger Shuttle Car to the Mix

Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, announced today that it has added a JOY (64” Bed) 21SC shuttle car to its underground operations.
Everett Hampton, President of Whitestar Mining, LLC., commented, “This second shuttle car will help increase our production immensely, as it cuts down the time [...]

Cameco Completes Kintyre Acquisition

August 11th, 2008
Cameco Completes Kintyre Acquisition

Cameco Corporation announced today that it has completed the acquisition of a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US).
A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco [...]

Rio Tinto Announces the Filing of a Registration Statement by Cloud Peak Energy Inc. for a Proposed Initial Public Offering

August 8th, 2008
Rio Tinto Announces the Filing of a Registration Statement by Cloud Peak Energy Inc. for a Proposed Initial Public Offering

Rio Tinto announced today that its wholly owned subsidiary, Cloud Peak Energy Inc., has filed a registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC) in connection with Cloud Peak Energy’s proposed initial public offering (IPO) of its common stock. Cloud Peak Energy, comprised of most of the North American [...]

MOU signed for the sale of the Basin Coal Mine

August 7th, 2008
MOU signed for the sale of the Basin Coal Mine

Compliance Energy Corporation announces that it has recently signed a binding memorandum of understanding (”MOU”) for the sale of 100% of the Company’s interest in the Basin Coal Mine located near Princeton, BC for consideration of cash and shares totaling Cdn $8 million.
Under the terms of the MOU, NWPC Pty Ltd (”NWPC”), a private Australian [...]

Quest Unveils Full Production Status

August 2nd, 2008
Quest Unveils Full Production Status

Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, is very pleased to announce that it has reached the point in their operations where they can now move forward into full production mode.
Everett Hampton, President of Whitestar Mining, LLC., commented, “We have turned the corner and have run the [...]

CONSOL Energy Declares Regular Quarterly Dividend of $0.10 Per Share

August 2nd, 2008
CONSOL Energy Declares Regular Quarterly Dividend of $0.10 Per Share

CONSOL Energy Inc.’s Board of Directors declared a regular quarterly dividend of $0.10 per share, payable on August 25, 2008, to shareholders of record on August 7, 2008.
CONSOL Energy Inc., a high-Btu bituminous coal and coal bed methane company, is a member of the Standard & Poor’s 500 Equity Index and has annual revenues of [...]

Western Canadian Coal repays short-term debt with strong operating cash flows

August 2nd, 2008
Western Canadian Coal repays short-term debt with strong operating cash flows

Western Canadian Coal Corp announces that strong operating cash flows has enabled a recent repayment of the US $30 million short term debt facility that was provided by Audley European Opportunities Master Fund.
In addition, as a result of the expected continuation of strong operating cash flows, the Company has entered into an agreement with Scotia [...]

Sprott Resource Corp. Announces Sale of 17.05 Million Shares of PBS Coals Corporation

August 1st, 2008
Sprott Resource Corp. Announces Sale of 17.05 Million Shares of PBS Coals Corporation

Sprott Resource Corp. (”SRC”) announced that it has sold into escrow 17,050,000 shares of PBS Coals Corporation (”PBS”), as part of a treasury and secondary offering of 35,716,000 Subscription Receipts (each a “Security”) closed by PBS at a price of $6.00 per Security. SRC previously announced its intention to sell shares of PBS as part [...]