Beacon Redevelopment Industrial Corporation announced that it’s wholly owned subsidiary Beacon Energy Corporation entered into negotiations to purchase additional coal rights and the finalization of previous negotiations.
As previously announced, Beacon Energy Corporation announced it had negotiated to acquire a 950 acre mining property in Western Pennsylvania. After further investigation and negotiations, the company has entered [...]

Allana Resources Inc., update its previously announced acquisition of three mineral concessions in Ethiopia’s northeastern Danakil Depression totaling approximately 150 square kilometers (please refer to Allana’s September 17, 2008 press release). The project area is approximately 100 km from the Red Sea coast and 600 km via good roads from the deep water port of [...]

Westmoreland Coal Company announced that its Westmoreland Resources, Inc. subsidiary, which owns and operates the Absaloka Mine, has formed Absaloka Coal, LLC and partnered with an East Coast financial institution. Absaloka Coal will serve as the producer and seller of coal leased from the Crow Indian Tribe in Montana, and will benefit from [...]

Eight coal mine operations in five states, including three from West Virginia, gained top honors in the annual competition overseen by the U.S. Office of Surface Mining Reclamation and Enforcement.
“These awards recognize the highest achievements in innovative techniques, reforestation, preparing mined land for long-term agricultural use and building enduring community infrastructure,” said Brent Wahlquist, OSM [...]

Kerry Associates announce that it has received a signed letter of intent on behalf of W2 Energy, Inc. from Aquarian Gold Corp. to become an exclusive Joint Venture Partner in Indonesia. The letter of intent would allow Aquarian Coal to become the exclusive Joint Venture Partner in Indonesia to use this technology to produce liquid [...]

Coalcorp Mining Inc. announced changes to its management structure, as well as additions to its board of directors.
Effective September 1, 2008, Mr. Luis Urdaneta has been appointed as the Chief Executive Officer of the company. Mr. Urdaneta is a graduate of Zulia University (Venezuela) and Penn State University (USA) and has degrees in petroleum engineering [...]

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 [...]

Shares of Consol Energy Inc has recently been reported falling sharply Thursday after the coal mine operator said its second-quarter profit dipped 34 percent as productivity problems pushed up costs.
Pittsburgh-based Consol said it earned $101 million, or 54 cents per share, in the quarter. Consol earned $153.1 million, or 83 cents per share, in the [...]

Westmoreland Coal Company announced it has increased the size of the Company’s Board of Directors from five to six and appointed Michael R. D’Appolonia to its Board by unanimous consent effective today.
Mr. D’Appolonia is currently Director, President and Chief Executive Officer of Kinetics Systems, Inc., an international specialty mechanical contracting company with over 2,000 employees [...]

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 [...]