Homeland Energy Group Receives Mining Licence for Eloff Coal Project, South Africa

Homeland Energy Group Ltd., a coal producer with operations in the Witbank area of South Africa announce that it has received formal notification from the South Africa Department of Mining & Energy (DME) that a Mining Right has been approved for Homeland’s Eloff Mineral Project (Eloff). At a potential 500,000 tonnes per month run-of-mine (ROM) – the amount for which Eloff will be initially... 

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Homeland Energy to Reacquire Full Ownership of South African Subsidiary

Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million. With this repurchase, Homeland Energy Group Ltd. retains 100%... 

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Homeland Energy Holds Official Ceremonies for Kendal Mine Opening, South Africa

Homeland Energy Group Ltd., in conjunction with Homeland Energy & Mining, SA, held grand opening ceremonies for the Kendal Colliery yesterday at the Kendal site, approximately 90km east of Johannesburg earlier this week. Following a tour of the mine and plant sites, as well as the new housing community Homeland has built for local residents, Deputy Minister of Minerals & Energy, Ms. Futhi... 

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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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South Africa: Gvm Should Know Feasibility of Holfontein Coal Mining in Weeks

BASE metals and coal company GVM Metals, which took a secondary listing on the JSE late last year, hoped to complete its bankable feasibility study on the Holfontein coal project before the end of March, it said yesterday. The group recently raised its stake to 100% of the project through the purchase of the shares held by black empowerment group Motjoli Resources, in return for which Motjoli acquired...