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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Homeland Energy Group Provides Operations Update for Kendal Colliery & Exploration Projects in South Africa

Homeland Energy Group Ltd. provide an update on the status of its Kendal Colliery following a planned shut-down for plant improvements and on its key exploration projects in South Africa. “While the first year of any operation is filled with a certain amount of excitement, it is also the year in which the operations team makes adjustments and improvements to ensure the operations run according... 

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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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Additional Coal Applications Submitted to Saskatchewan Government

Micron Enviro Systems, Inc. announce that it has applied for additional coal permits that are contiguous to existing coal permits currently held by the Company. These applications are located within the “Durango Trend” of the coal deposits in Saskatchewan, Canada. This area is the host for the most recent discovery by Goldsource Mines Inc., whose stock price rose from $0.30 to over $19/share... 

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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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Option payment received for sale of the Basin Coal Mine

Compliance Energy Corporation announces that further to the Company’s announcements on August 7, and December 18, 2008 regarding an option to NWPC Pty Ltd for the purchase of 100% of the Company’s interest in the Basin Coal Mine located near Princeton BC, for consideration of cash and shares totaling $8.25 million, the Company has now received the February 2009 option payment of $1,000,000... 

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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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SouthGobi Energy Resources Sells Its Metals Division to Ivanhoe Mines

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., announced today that the company has sold, subject to regulatory approval, its Metals Division to Ivanhoe Mines Ltd. for US$3 million. The Metals Division consists of certain base and precious metals properties in Mongolia and Indonesia. The transaction will enable SouthGobi Energy Resources to focus solely on its principal... 

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Peabody Energy Enters Sales Agreement for Non-Strategic Interest in Australia Mine

Peabody Energy announced it has entered into a sales agreement for its 62.5 percent interest in the Baralaba Mine in Australia with Cockatoo Coal Limited. Peabody is receiving approximately US$33.6 million [A$52.5 million] for its interest in Baralaba, which has approximately 1.5 million tons of remaining reserves and produced approximately 330,000 tons of thermal and PCI coals in 2007. Baralaba’s... 

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ShengdaTech Announces Delay in Planned Acquisition of Jinan Fertilizer and Closure of Bangsheng Chemical

ShengdaTech Inc. a leading manufacturer of nano precipitated calcium carbonate and a manufacturer of coal-based chemical products in Shandong Province, PRC, today announced the Company will require additional time to close the acquisition of Jinan Fertilizer Co., Ltd., (“Jinan Fertilizer”) and that the chemical facility in Tai’an City was closed as scheduled on October 31, 2008. As...