Severstal Resources Announces results of Take Over bid

Through its mining division Severstal Resources, OAO Severstal announced that the offer by 7027940 Canada Limited, an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation)(TSX: PBS) expired at 11:59 p.m. on October 24, 2008. In order to resolve outstanding matters between PBS Coals Limited and the Offeror, the principal... 

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Patriot Coal Idles Jupiter Mining Complex

Patriot Coal Corporation announced that it intends to idle its Jupiter mining complex by the end of 2008. The Jupiter complex produced 1.5 million tons of thermal coal in 2007. The complex currently consists of one underground mine, and previously included the Thunderhill surface mine, which was closed as a result of an October 2007 court injunction that blocked the use of a lawfully issued mining... 

Alliance Resource Partners, L.P. Announces Approval of Tunnel Ridge Mine Opening

Alliance Resource Partners, L.P. announced that the board of directors of its managing general partner has approved the opening of a new mine for the immediate development of ARLP’s Tunnel Ridge reserves. The Tunnel Ridge reserve area encompasses approximately 9,400 acres of land located in Ohio County, West Virginia and Washington County, Pennsylvania and includes approximately 70.5 million tons... 

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Severstal Resources Reaches Agreement to Acquire PBS Coals

Through its mining division Severstal Resources, OAO Severstal announced that it intends to acquire the business of PBS Coals Corporation by way of an acquisition of Penfold Capital Acquisition Corporation following a business combination of PBS and Penfold for an all cash purchase price of C$8.30 per share, implying an enterprise value of US$1.3 billion. PBS is engaged in the mining, processing and... 

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Brooks Run Mining Company Issues Follow-Up Statement on Mining Accident

Brooks Run Mining Company, LLC has released additional details on the mining accident that occurred Saturday morning at its Cucumber, W. Va. underground coal mine which resulted in two fatalities. At approximately 10:45 a.m. on January 13, two miners on the day shift were engaged in retreat mining, removing coal as they backed out of a developed panel approximately one and a half miles inside the entrance... 

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