Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Peabody Energy and White Energy have signed an agreement to pursue development of a coal upgrading plant that would be sited at a Peabody operation in America’s Powder River Basin. The plant would use White Energy’s patented coal briquetting technology, a mechanical process that upgrades lower Btu coals. The process increases the coal’s overall energy content by some 35%. The resulting product is higher quality, more efficient and cleaner, with lower carbon and other emissions. The upgraded coal can be used interchangeably with high rank thermal coal for a number of applications, including power generation, industrial processes and Btu conversion, such as coal-to-gas and coal-to-liquids. (more…)
