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Last updated on April 17, 2014 at 12:21 EDT

Latest Coal phase out Stories

2012-06-28 02:23:08

BOTHELL, Wash., June 28, 2012 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCPK: BRNE), ("The Company"), commenced operations "harvesting" surface coal from its PT Integra Prima Coal concession which has estimated reserves of 8 million tonnes of high thermal output coal. The Company has accumulated an initial quantity of 4,000 tonnes and is currently negotiating a one year supply contract, with an India-based purchaser, to provide regular monthly shipments totaling 50,000 tonnes....

2012-06-27 02:21:47

NEW YORK, June 27, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) Chairman and Chief Executive Officer Gregory H. Boyce today said that the company is well positioned to navigate market challenges, capture opportunities and create value for shareholders in both the near term and long term. The discussion came at Peabody's 2012 Analyst and Investor Forum in New York, where executives reviewed the company's strategic positioning, global initiatives and key focus areas against the market...

2012-04-20 02:21:25

ST. LOUIS, April 20, 2012 /PRNewswire/ -- Patriot Coal Corporation (NYSE: PCX) today announced actions to further reduce thermal coal production in response to continued weakness in market demand. The Company disclosed the planned idling of the Freedom underground mine and, pursuant to the WARN Act, gave 60-day notice today to affected employees. The Freedom mine is located in the Bluegrass complex near Henderson, Kentucky and produced 1.2 million tons of thermal coal in 2011. Following...

2012-03-28 06:21:49

FT. WORTH, Texas, March 28, 2012 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) announced that its wholly-owned subsidiary VHGI Coal, has successfully tested its clean coal-load out system for delivery to Indiana Power & Light (IPL) and other customers. The first shipment to IPL was made on Sunday March 25, 2012. One of the unique aspects of VHGI Coal's Landree Mine property is the existence of an on-site rail delivery system, which allows them the opportunity to deliver coal to its...

2012-02-27 15:21:00

Toronto Stock Exchange: XRG KNOXVILLE, TN, Feb. 27, 2012 /PRNewswire/ - Xinergy Ltd., (TSX:XRG and XRG.WT) ("Xinergy" or the "Company"), a US Central Appalachian producer of high quality thermal and metallurgical coal, today announced that it has reached an agreement with a major customer for the early termination of a thermal coal supply agreement (the "Contract"). The Contract was terminated under terms negotiated between the parties and included payment to Xinergy from the...

2011-12-09 07:34:00

FT. WORTH, Texas, Dec. 9, 2011 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) is pleased to announce that its wholly-owned operating company, VGHI Coal, Inc., has extended its binding letter of intent until January 30, 2012, to purchase, an Indiana-based company whose sole operations consists of operating a coal mine in Indiana. VHGI and Rick Risinger, the sole shareholder of the mining company, are in the process of finalizing the definitive transaction documents and...

2011-05-09 07:55:00

TSX-V TRADING SYMBOL:  CEC VANCOUVER, May 9 /PRNewswire/ - Compliance Energy Corporation ("Compliance" or the "Company) is pleased to announce a positive, NI 43-101 compliant, independent Feasibility Study(1) ("Feasibility Study") for the Company's 60% owned Raven Underground Coal Project (the "Project") in the Comox Coal Basin on Vancouver Island, British Columbia, Canada.  Pincock, Allen, and Holt ("PAH"), of Denver, Colorado, a qualified independent mining consulting...

2011-03-14 05:00:00

TAIYUAN, China, March 14, 2011 /PRNewswire-Asia-FirstCall/ -- Puda Coal, Inc. (NYSE AMEX: PUDA) ("Puda Coal" or the "Company"), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China and consolidator of nine coal mines in Pinglu County Yuncheng City ("Pinglu Project") and four coking coal mines in Huozhou County Linfen City ("Jianhe Project") in Shanxi Province, today announced that on March 10, 2011 Shanxi Puda Coal Group Co. Ltd ("Shanxi...

2011-03-02 05:00:00

KNOXVILLE, TN, March 2 /PRNewswire/ - Xinergy Ltd., (TSX: XRG) ("Xinergy" or "the Company") a US Central Appalachian producer of high quality coal, today announces the completion of a definitive lease agreement ("the Transaction") with Penn Virginia Operating Co., LLC. (NYSE:PVG) for the tract of land known as Brier Creek (the "Parcel" or the "Property").  The Parcel lies adjacent and to the north of Xinergy's Raven Crest properties in Boone County, WV.  "We continue to...

2010-10-07 15:13:00

TSX-V TRADING SYMBOL: CEC VANCOUVER, Oct. 7 /PRNewswire-FirstCall/ - Compliance Energy Corporation ("Compliance" or the "Company) is pleased to announce a positive, NI 43-101 compliant, pre-feasibility study ("PFS") for the Company's 60% owned Raven Underground Coal Project (the "Project") in the Comox Coal Basin on Vancouver Island, British Columbia. Pincock, Allen, and Holt ("PAH"), of Denver, Colorado, a qualified independent mining consulting firm, prepared the PFS on behalf of...