Korea Electric Power Corp. is investing $8 million in the first phase of Strathmore Minerals Corp. Gas Hills uranium properties in Wyoming, the Vancouver-based firm said this morning. KEPCO will subscribe for 13.9% of common shares of Strathmore, or 1.46 million shares at C$0.55. In addition to the shares, the agreement contains an off-take...
Westmoreland Coal Co. said this morning that it has agreed to purchase Chevron Mining Inc.’s Kemmerer mine in the Hams Fork Region of southwestern Wyoming for $179 million plus about $14 million in working capital. The Englewood,Colo.-based miner said it anticipates that the purchase price will be funded through a combination of cash consideration...
The Texas Commission on Environmental Quality (TCEQ) has issued a Radioactive Material License to Uranium Energy Corp. for its south Texas Goliad in-situ-recovery (ISR) uranium project, the company reported yesterday. The issuance of the RML marks the conclusion of the state-level permitting. The Company now has all of the required permits to begin construction...
The Colorado Court of Appeals upheld the Montrose County special-use permit for the Piñon Ridge uranium and vanadium mill, Energy Fuels Inc. reported yesterday. On March 3, the State of Colorado District Court in Montrose County denied a legal challenge by Sheep Mountain Alliance seeking to overturn the Montrose County Board of County Commissioners’...
Westmoreland Coal Co. has leased over 8,800 acres of private coal, representing an estimated 158 million tons of Rosebud McKay coal resources adjacent to its Absaloka mine in Hardin, Mont., it reported this morning. Westmoreland controlled an estimated 389.9 million tons of proven and probable coal reserves across all of its operations as of...
In its drive to acquire major overseas coal assets close to the big export markets, Peabody Energy won an unexpected plum when so many Macarthur Coal Ltd. shareholders offered to sell that Peabody’s partner chose to opt out of the deal, giving it all to the St. Louis firm. Luxembourg-based steelmaker ArcelorMittal SA said...
The EPA became the latest agency to give its approval to the construction of Energy Fuels Inc.’s uranium mill in Colorado, the firm said this morning. The U.S. Environmental Protection Agency approved construction of the tailings impoundment and evaporation pond facilities for the Piñon Ridge uranium and vanadium mill in Montrose County, Colorado. These...
The Wyoming Department of Environmental Quality (WDEQ) has issued a Permit to Mine for the Lost Creek in-situ recovery uranium project in Sweetwater County, Ur Energy Inc. said this morning. The State permit authorizes Ur-Energy to construct and operate the Lost Creek ISR uranium mine facilities, including the first mine unit. “Receiving the State...
Peabody Energy today earned the 2011 Director’s Award from the U.S. Department of the Interior for outstanding achievement in land and habitat restoration at the company’s former Big Sky mine in Colstrip, Mont. Interior’s highest honor, the Director’s Award is presented each year to one coal producer for demonstrating the best environmental practices in the...
Uranium Resources Inc. said today that the Nuclear Regulatory Commission reactivated its Source Materials License to conduct in-situ recovery uranium mining in McKinley County, N.M. The license, which was originally issued in 1998 to Hydro Resources Inc., Uranium Resources’ wholly-owned subsidiary, has been in timely renewal status since 2003. The reactivation effectively enables the use...
