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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Homeland Receives Rand 150-Million Debt Finance Facility Approval from Nedbank Capital for its South African Subsidiary

Homeland Energy Group Ltd. announce that Nedbank Capital, the Investment Banking division of Nedbank Limited, one of South Africa’s largest banks, has approved a Debt Finance Facility for Homeland’s Kendal Colliery. Following a thorough due diligence and review of Homeland’s Kendal Colliery, Nedbank Capital has approved the 5 and a half -year facility, which is equal to approximately... 

Homeland Energy Group’s Kendal Mine Produces First Coal

Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant on site should begin this week. Following additional pre-stripping... 

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Minnesota company merging with S.D. ethanol plants

Two ethanol plants in South Dakota are merging with a Minnesota company. The deal involves Advanced BioEnergy LLC of Minneapolis and Dakota Fuels Inc., the managing partner of the Heartland Grain Fuels plants in Aberdeen and Huron. Under the agreement, Advanced BioEnergy will own 100 percent of the Heartland partnership. Heartland owners will invest in Advanced BioEnergy and will receive about $16.8... 

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