Global Earth Energy Inc. is pleased to announce a new strategic partnership with Modern Coal out of Midland, Texas. Modern is primarily an oil and gas company that will be expanding with GLER into the purchase of coal property in Kentucky to fulfill GLER’s existing sales opportunities and a new contract brought by Modern Coal to GLER with Advent Enterprises. An affidavit from Advent of the sale to a U.S. based buyer will be announced and signed shortly. [Read more...]
Global Earth Energy Inc. Enters Into Coal Mining Joint Venture With Modern Coal, LLC
April 7, 2011 By Leave a Comment
Grande Cache Coal Corporation Announces New Handling Agreement With Westshore Terminals Limited Partnership
March 31, 2011 By Leave a Comment
Grande Cache Coal Corporation is pleased to announce today that it has reached an agreement with Westshore Terminals Limited Partnership (“Westshore”) to exclusively handle Grande Cache Coal’s annual coal tonnages that it ships through a West Coast port from April 1, 2012 to March 31, 2022. The commercial terms of the agreement are confidential. [Read more...]
Pacific Coal Announces Exercise of Option to Acquire the La Divisa Mine, MOU With Respect to Catatumbo and Appointment of COO
March 29, 2011 By Leave a Comment
Pacific Coal Resources Ltd. is pleased to announce that it has exercised its option to acquire the La Divisa Mine, located in the La Jagua de Ibirico coalfield in the department of Cesar, Colombia.
Pacific Coal S.A., a wholly-owned subsidiary of the Company, currently owns a 14% interest in Chianto S.A., which owns 100% of C.I. Norcarbon S.A, (of which 16.66% is held in trust by Aleman Cordero Galindo & Lee Trust (Panama)). C.I Norcarbon S.A is title owner of 100% of the mining rights for the La Divisa Mine (Cerro Largo). On December 16, 2010, Pacific Coal S.A., a wholly owned subsidiary of the Company, entered into an option agreement for the irrevocable and exclusive option to acquire the remaining 86% of Chianto S.A. for cash consideration of US$75 million from Valle Eden Group Inc. and Sunny Isles Holding S.A. [Read more...]