Homeland Energy to Reacquire Full Ownership of South African Subsidiary

Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million. With this repurchase, Homeland Energy Group Ltd. retains 100%... 

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Homeland Energy Holds Official Ceremonies for Kendal Mine Opening, South Africa

Homeland Energy Group Ltd., in conjunction with Homeland Energy & Mining, SA, held grand opening ceremonies for the Kendal Colliery yesterday at the Kendal site, approximately 90km east of Johannesburg earlier this week. Following a tour of the mine and plant sites, as well as the new housing community Homeland has built for local residents, Deputy Minister of Minerals & Energy, Ms. Futhi... 

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Homeland Energy to Purchase US-Based Appolo Fuels and Diversified Energy for US$105-Million

Homeland Energy Group Ltd., Appolo Fuels and Diversified Energy are pleased to announce that they have finalised a binding agreement for Homeland Energy to purchase the operating assets of Appolo Fuels, Inc., owner and operator of the Appolo coal mine and Diversified Energy, Inc., the associated coal marketing firm, of Middlesboro, Kentucky and Knoxville, Tennessee, respectively. The total purchase... 

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