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Arch Coal’s Mountain Laurel Mining Complex Named ESGR Pro Patria Award Recipient for West Virginia
June 15, 2011
Arch Coal, Inc.‘s Mingo Logan Coal Company’s Mountain Laurel mining complex has been named the 2011 Pro Patria Award Recipient for West Virginia, the highest award given to an employer by the West Virginia Committee for Employer Support of the Guard…
Vega Biofuels Secures Interim Financing for Green Energy Bio-Coal Plant in Georgia
June 15, 2011
Vega Biofuels Inc. has secured the necessary funding to proceed with its plan to build a green energy bio-coal manufacturing plant in Cordele, GA. Vega has entered into a loan agreement with a group of its existing shareholders that will provide…
Arch Coal Completes Acquisition of International Coal Group
June 15, 2011
Arch Coal, Inc. has completed its acquisition of International Coal Group, Inc. through a merger, with ICG becoming a wholly owned subsidiary of Arch. Prior to the merger, Arch acquired approximately 92 percent of ICG’s outstanding shares of common stock in…
Penn Virginia Resource Partners Acquires Illinois Basin Coal Reserves in Indiana
June 15, 2011
Penn Virginia Resource Partners, L.P. has purchased 26.8 million tons of additional coal reserves in the Illinois Basin. The Oatsville Reserve properties acquired by PVR hold deep minable Springfield V seam coal located on approximately 5,875 acres in Gibson and Pike…
FMC Starts Design Work to Add Capacity to Wyoming Soda Ash Facility
June 14, 2011
FMC Wyoming has engaged CH2MHill for the process design and detailed engineering package of a second phase of capacity addition at FMC’s Granger, Wyo., soda ash facility. The first phase of the Granger recommissioning will be completed by July 1, producing…
Bonanza Goldfields and Osiris Gold Launch Red Mountain Gold Joint Venture in Colorado
June 14, 2011
Bonanza Goldfields Corp. and Osiris Gold Corporation have entered into a definitive joint venture agreement forming Red Mountain Gold LLC. The joint venture owns 43 claims with 332,000 ounces of proven gold reserves and is currently negotiating to purchase additional mining…
ICBS Acquires Controlling Interest of Quebec’s Canwealth Minerals Corporation
June 14, 2011
ICBS Ltd., has acquired a controlling interest of 51 percent in Canwealth Minerals Corporation. An agreement was reached with majority shareholder Kelly Taylor, president & CEO of Canwealth Minerals, in which ICBS acquired a total of 51 percent of the company’s…
AuRico Gold Receives Overwhelming Shareholder Approval for Corporate Name Change from Gammon Gold
June 14, 2011
AuRico Gold Inc. has received overwhelming shareholder approval to change its corporate name from Gammon Gold Inc. to AuRico Gold Inc. (pronounced oh-REE-koh). The name change was approved at the company’s Annual and Special Meeting of Shareholders held on June 9.…
Kentucky & Ohio USW Leaders Testify on Jobs During U.S. House Subcommittee Hearing on Energy
June 14, 2011
Two United Steelworkers Union (USW) local union leaders from the Paducah, Ky., and Portsmith, Ohio, nuclear facilities testified before the House Subcommittee on Energy and Power to advocate for measures that will create and save jobs, while raising revenue for the…
Lithium Exploration Group Secures Additional $1,500,000 Investment to Advance Alberta Project
June 14, 2011
Lithium Exploration Group has secured an additional $1,500,000 in capital to advance its Valleyview Project. The term sheet that has been executed by the parties is in regards to a placement of convertible debentures in the principal amount of $1,500,000, payable…
