Peabody announced today that it will retain the Metropolitan metallurgical coal mine and its associated 16.67 percent interest in Port Kembla Coal Terminal in the company's portfolio, after proposed purchaser South32 terminated the purchase contract after it was unable to obtain clearance from the Australian Competition and Consumer Commission (ACCC) within the timeframe required under the contract.
Mechel PAO, one of the leading Russian mining and metals companies, reports launching open coal mining at Dzhebariki-Khaya open pit in Yakutia. The deposit is worked by Yakutugol Holding Company AO, which is part of Mechel Group.
New Colombia Resources, Inc. ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal properties and legal medical marijuana operations, is pleased to announce they've received notice from the Agencia Nacional de Mineria (ANM) to accept terms on their application for an additional 489 hectares of premium metallurgical coal reserves.
Altitude Resources Inc. ("Altitude") is pleased to announce that ithas acquired new Alberta Crown coal lease applications adjoining its Altitude North property in west central Alberta.
Altitude Resources Inc. is pleased to provide an update on the Palisades Project 2016 company activities and plans for the 2017 field program.
New Colombia Resources, Inc., a Colombian company listed in the U.S. with premium metallurgical coal properties and medical marijuana operations, is pleased to announce that last week, mining engineers discovered a new outcropped coal seam over 3 meters wide.
NQ Exploration Inc. ("NQ") announces the signing of an arm's length binding letter of intent (the "LOI") with A&M Resources USA LLC ("A&M"), a private company existing under the laws of Florida, pursuant to which NQ may acquire from A&M resource Colombia SAS, a wholly-owned subsidiary of A&M, a 15% undivided interest in a coal mine project encompassing a total of 100 Hectares located in Patia, Cuaca region, which is about 70 km from the city of Cali, Colombia (the "Property") and a $ 2 per tonne royalty on the Property's production, in consideration of an unsecured loan (the "Loan"), at the rate of 16% per annum with a 36 months maturity, from NQ for a principal amount of $ 1,200,000 to A&M (the "Acquisition").
Texas Mineral Resources Corp. (TMRC), an exploration company targeting the heavy rare earths and a variety of other high-value elements and industrial minerals, is pleased to announce that it has signed a memorandum of understanding (MOU) with a well-established privately-held Pennsylvania coal company.
Saturn Minerals Inc. ("Saturn" or the "Company") reports that completions have begun at its Bannock Creek project in northeastern Saskatchewan where the Company intersected three potential reservoirs within the Red River Formations. A work over rig has been mobilized to the well site and operations are expected to begin today. The completions program is being run in conjunction with Axiom Explorations Ltd. of Saskatoon, Saskatchewan.
Gobi Coal & Energy ("Gobi Coal") is pleased to announce its ongoing strategic initiative to expand across the energy resources value chain into hard coking coal, coking coal mine consolidation, and graphite and uranium development and mining both inside and outside of Mongolia.
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