Green Energy Resources to Buy Stake in New England Pellet Mill

Green Energy Resources looks to purchase a fully operational New England wood pellet mill. Terms of the purchase were not disclosed and are subject to financing. The mill has capacity to produce upwards of 10,000 tons monthly and could generate approximately $24 million dollars annually in gross revenues for the company. Green Energy Resources is a supplier of the mill with wood biomass. The pellet... 

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L&L International Announces MOU to Acquire Ping Yi Coal Mine

L & L International Holdings, Inc., a U.S.-based company operating coal businesses in China, announced that it has entered into a Memorandum of Understanding (MOU) with GuiZhou Province PingGuan Town PingYi Coal Mine to start discussions on an acquisition of Ping Yi Coal Mine; a profitable, operating coal mine of 150,000 tons of annual production and 31 million tons of proven coal reserves, located... 

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Mechel Announces Signing a Coking Coal Supply Contract

Mechel OAO, one of the leading Russian mining and metals companies, announces that its Mechel Trading AG subsidiary has signed a long-term coking coal supply contract with South Korean Hyundai Steel. In February 2009, visiting South Korea as a member of the Russian delegation headed by the Russian Federation Deputy Prime Minister Igor Sechin, Mechel OAO Chief Executive Officer Igor Zyuzin signed the... 

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Exploration drilling permit received for Raven Underground Coal project

Compliance Energy Corporation provide a progress report on the Raven Underground Coal project on Vancouver Island British Columbia. Compliance Coal Corporation dba Comox Joint Venture (“CJV”) has just received an exploration permit from BC’s Ministry of Energy, Mines and Petroleum Resources to drill up to 53 holes (15,000 meters) on the Raven Underground Coal Project. The Raven project... 

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Terrawest Energy Corp. Announces Natural Gas Discovery

Petromin Resources Ltd., a progressive international Petroleum and Natural Gas Exploration and Production Company announce that Terrawest Energy Corp. (TWE) has tapped into what may be a massive new unconventional natural gas resource in China. The company discovered significant gas-bearing shale and multiple coal seams in its LHG 08-03 well drilled in November 2008. TWE holds a 47% interest in a production... 

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SouthGobi Energy Resources and Glencore International AG Sign Marketing Agreement

Alexander Molyneux, President of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, announced today that an agreement has been signed with Glencore International AG to provide SouthGobi with coking coal marketing expertise and river barging/vessel loading logistical services for SouthGobi’s Mamahak coal project in East Kalimantan, Indonesia. “We have developed Mamahak... 

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Mechel Announces Deal to Acquire Coking Coal Assets of Bluestone Coal Corp.

Mechel OAO, one of the leading Russian mining and metals companies, announced that its subsidiaries have closed the acquisition, which was reported on April 22 2009, of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company and some of its West Virginia affiliates, privately-held... 

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Canasia Industries Corporation: Reed Lake Drill Program Update

Canasia Industries Corporation announce that it has been notified by the operator of the Reed Lake prospect that drilling is continuing. At this time, 17 samples are in the process of being shipped to Acme Labs in Vancouver for 31 element ICP analysis. All the drilling on this first phase is expected to be completed near the end of March, at which point additional samples are expected to be shipped... 

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Mechel Announces Opening of Credit Facilities in the Amount of US$1 Billion by Gazprombank

Mechel OAO, one of the leading Russian mining and metals companies, announced that its subsidiaries have been provided with lines of credit totaling US$1 billion from Gazprombank OAO. Gazprombank Open Joint-Stock Company has opened credit lines totaling US$1 billion for Mechel’s subsidiaries. Credit facilities provided will be used mainly for short-term debt repayment. The credit facilities provided... 

Coalcorp Seeks Declaration of Invalidity on Coal Sales Arrangement

Coalcorp Mining Inc.announced that, following an internal review by the new management of the company, it is filing a notice of arbitration with the London Court of International Arbitration asking for a declaration that a contract which Coalcorp’s agent GC Coal signed with Glencore International in February 2007 is not valid or binding on Coalcorp. Coalcorp was also recently informed by Glencore... 

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