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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
