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Random News from Mining Top News

South Korea Pledges $10 Million Towards Zero-Emissions Coal-Fired Power Plant

South Korea has pledged $10 million to help build and operate the world’s first zero-emissions coal-fired power plant. Once operational, this plant will remove carbon dioxide from the atmosphere, while producing electricity and hydrogen, making it the environmentally cleanest fossil fuel fired power plant in the world.
The $1 billion FutureGen initiative is a [...]

National Coal Receives Credit Facility Allowing Borrowings of Up to $10 Million

Central Appalachian coal producer National Coal Corp. received a credit facility with Guggenheim Corporate Funding LLC that provides borrowings of up to $10 million.
On Thursday, National Coal borrowed an initial $5 million to pay costs of the transaction and to fund general operating and working capital needs. National Coal may borrow the remaining $5 million [...]

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 [...]

Tag: vacancies in witbank, kentucky coal mine for sale, vacancies at witbank, current vacancies in sa coals, coal mines for sale in kentucky

China’s Zhengzhou Coal to buy parent’s assets

The price and the deal are still subject to regulatory approval, the company said. (Reporting by Langi Chiang; Editing by Lucy Hornby and Edmund Klamann) – BEIJING, April 16 – China’s Zhengzhou Coal Industry & Electric Power Co will issue up to 400 million shares to its parent to buy coal mines and other assets [...]

Gowest to Acquire New Texmont’s 50% Interest in Frankfield Project

Gowest Amalgamated Resources Ltd. announce that it has entered into a letter of intent with New Texmont Explorations Ltd. pursuant to which it will acquire New Texmont’s 50% interest in the Frankfield gold project as well as all of New Texmont’s additional land holdings in the Tully area bordering the Frankfield project. Following the completion [...]

BANGLADESH GOVT WITHDRAWS IMPORT DUTY ON EDIBLE OIL

Finance Adviser Dr Mirza Azizul Islam Sunday said the government has decided to withdraw customs duty on import of edible oil considering its soaring prices.
The National Board of Revenue would issue a circular in this regard within a day or two, he told reporters at a briefing at his Planning Ministry office.
NBR chairman Muhammed Abdul [...]

American Petro-Hunter Updates #1 Lutters Well Production Schedule

American Petro-Hunter, Inc. update the ongoing activities at the #1 Lutters Well oil well at the Poston Prospect located in Trego County Kansas.
American Petro-Hunter and the operator of the project, S & W Oil & Gas, LLC of Wichita, have determined that construction for the pad site and tank battery will begin on June 1st. [...]

Minnesota Power reaches deal with PolyMet Mining

Minnesota Power, a division of Duluth-based Allete Inc. announced today that it has reached an agreement with the U.S. subsidiary of PolyMet Mining Corp. to provide all of PolyMet’s electric service needs through 2018 at its proposed copper, nickel and precious metals mining operation located in northeastern Minnesota.
PolyMet plans to begin commercial operations at [...]

Vaaldiam to Reduce Warrants Exercise Price

Vaaldiam Resources Ltd. announce that subject to regulatory approval Vaaldiam will reduce the exercise prices of a total of 22,326,069 of its currently outstanding warrants from their current exercise prices (which range from $0.55 to $1.89) to $0.08. Of these warrants approximately 18% were initially issued by Great Western Diamonds Corp. and approximately 5% [...]

Bandolac Mining Company, Limited Announces the Acquisition of 22 Mining Claims

Bandolac Mining Company, Limited announce the acquisition of 22 mining claims located in the Township of Cadillac, County of Abitibi, in the Province of Quebec, pursuant to a Purchase Agreement dated August 29, 2008 between the Company and Mr. Mitchell E. Lavery of Val-d’Or, Quebec.
In consideration for the claims, the Company issued 1,000,000 common shares, [...]