Morien Resources Corp., is pleased to announce it has entered into a definitive purchase and sale agreement with Kameron Collieries ULC, an affiliate of The Cline Group LLC, for the sale of Morien's 25% interest in the Donkin Coal Project in Cape Breton, Nova Scotia. Kameron currently holds a 75% interest in Donkin, having acquired it from Glencore PLC on December 3, 2014.
Prophecy Coal Corp. ("Prophecy" or the "Company") is pleased to announce that it has successfully acquired Apogee Minerals Bolivia S.A., ASC Holdings Limited and ASC Bolivia LDC (which hold ASC Bolivia LDC Sucursal Bolivia, the holder of Apogee Silver Ltd.'s ("Apogee") mining joint venture interest in the Pulacayo-Paca project) (collectively, the "Apogee Subsidiaries") from Apogee on the terms described in the Company's news release dated November 4, 2014.
Cliffs Natural Resources Inc. is pleased to announce that it has completed the sale of its Logan County Coal assets in West Virginia to Coronado Coal II LLC, an affiliate of Coronado Coal LLC, for $174 million in cash and the assumption of certain liabilities.
Patriot Coal Corporation today announced that it will permanently close the Highland Mine located near Henderson, Kentucky, and the Dodge Hill Mining Complex located near Sturgis, Kentucky, effective December 31, 2014. The Heritage preparation plant and barge loading terminal on the Ohio River will continue processing and shipping coal until inventories are depleted.
Patriot Coal Corporation today announced that it will idle the Highland Mine located near Henderson, Kentucky, and the Dodge Hill Mining Complex located near Sturgis, Kentucky effective December 29, 2014.
Altitude Resources Inc., on behalf of Elan is pleased to announce that it has completed the signing of a Limited Partnership Agreement ("the Agreement") with Kuro as previously announced on September 5, 2014. Kuro has the opportunity to acquire up to a 70% interest in the Elan Project upon successful completion of, amongst other exploration requirements, a feasibility study.
New Colombia Resources, Inc. ("New Colombia or the Company"), a U.S. company with coal and other resource assets in Colombia, is pleased to update shareholders on the progress of their mining operations. New Colombia is nearing completion of the development of its 1000 cubic meter per day rock quarry on their property.
AIM Exploration Inc., a U.S. mining corporation focused on producing mines. The Company is pleased to announce two key mining property acquisitions in the Philippines and Peru. Both properties have outstanding cash flow potential through production.
SouthGobi Resources Ltd. announced today that construction of a paved highway from the Ovoot Tolgoi Complex to the Shivee Khuren Border Crossing has been completed. Traffic opening ceremony of the highway was held on September 27, 2014.
Altius Minerals Corporation is pleased to announce that it has entered into an option and royalty agreement concerning its Telkwa coal project (the "Project") with a private company, Telkwa Coal Ltd. ("TCL"), being funded out of Australia. Altius acquired the Project in May of this year as part of its acquisition of the Carbon Development Partnership ("CDP").
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