Energy Fuels Inc. and Denison Mines Corp. have a deal for Energy Fuels to acquire all of Denison’s mining assets and operations located in the United States from Denison in exchange for 425.4 million common shares of EFR, the firms said yesterday. Denison then will distribute the EFR shares to its shareholders, who will get...
International Tower Hill Mines Ltd. said this morning that the State of Alaska has reached a landmark settlement with major oil producers BP PLC, Exxon Mobil Corp. and ConocoPhillips for the study of a major liquefied natural gas pipeline at the Point Thompson gas field on the North Slope of Alaska’s northernmost coast. A...
On Feb. 16, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face, Caterpillar Inc. has reported. The company commissioned the first Cat® longwall system at its Bogdanka mine, near Lublin in...
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...
