Homeland Energy Finalizing Extension of Agreement Deadline for Appolo Mines and Diversified Energy

Homeland Energy Group Ltd. is finalizing an extension of the agreement deadline with the vendors of Appolo Mines and Diversified Energy of Middlesboro, Tennessee and Knoxville, Kentucky respectively as the current agreement expires today. Homeland Energy Group Ltd. is a coal producer with operations the Witbank area of South Africa. The company also has a large-scale development property in South... 

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Quest Minerals & Mining Plans Initial Rehab On Cedar Grove Mine

Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, is very pleased to announce that its contract mining group, Whitestar Mining, LLC., is in the process of taking the initial steps necessary to open the Cedar Grove mines. Representatives from both Quest and Whitestar plan to convene over the weekend to finalize all terms of the mining agreement. Whitestar... 

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Coal mines offering immediate opportunities for engineering grads

The coal industry is so hungry for workers that at least some coal companies are snatching up coal mining engineering students before they make it through four years of college. “Our mining engineering technology only has about 10 students in the entire program right now,” Roger Owensby said. “Some students start out in the program, but go straight to work in the mines.” Owensby has headed... 

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Sharpe is Negotiating to Complete Development Agreements to Acquire Interests in Two Permitted Coal Mine Properties in Eastern Kentucky

SHARPE RESOURCES CORPORATION: Sharpe has completed letters of intent agreements and deposits to purchase interests in two separate coal mine properties in Eastern Kentucky for $850,000. The projects are expected to close in less than 30 days. One of the projects is located in Pike County, Kentucky and the other is located in Lawrence County, Kentucky. All of these properties are permitted and bonded... 

Coal miners strike back with mass rally at Capitol

Some 1,500 coal miners staged a mass rally on Thursday on the front lawn of the state Capitol to protest legislation that they fear could eliminate their jobs. The rally came two days after lawmakers narrowly defeated a bill aimed at stopping mining companies from blasting off mountaintops to expose coal deposits. Gov. Steve Beshear made a brief appearance at the rally to pledge his support to the... 

Author explores town and its mine fire

Nearly a half-century after it began, the voracious mine fire that doomed this coal town in the mountains of northeastern Pennsylvania continues to burn hundreds of feet underground, uncontrolled and uncontrollable. The fire began in 1962 at the town dump and ignited an exposed coal vein, eventually forcing an exodus that emptied Centralia of more than 1,000 people, nearly its entire population. Almost... 

Agreement lets coal operator post bond

An Eastern Kentucky coal operator accused of chronic failure to pay federal health and safety penalties has agreed to post a bond to cover future fines. Stanley Osborne of Pike County will post a $20,000 bond within 10 days of becoming an operator or agent of a coal company, according to an agreement filed yesterday in federal court. The agreement also includes an injunction barring Osborne from failing... 

Coal Surge Seen by Mobius as China’s Imports

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history. Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam. “The coal sector in China... 

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Mine owner pleads guilty in fraud case

LEXINGTON – A coal mine operator in eastern Kentucky who has been accused of failing to pay more than $1 million in federal fines has pleaded guilty to mail fraud. Harold Simpson told companies that provided workers’ compensation insurance that he had only half as many employees as he really did, according to the charge. That meant he paid lower premiums, since they’re based largely... 

National Coal Corp. Signs Agreements to Sell Three Million Shares

National Coal Corp. announced that it has signed definitive subscription agreements to sell three million shares of its common stock at the February 28, 2007 closing consolidated bid price of $4.65 per share. Daniel Roling, President and CEO of National Coal, has agreed to purchase 200,000 shares, and two institutional investors have agreed to purchase the remaining 2.8 million shares. The proceeds...