Alpha close to $7 billion Massey deal: sources

Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday. One of the sources said Massey shareholders will receive slightly more than one Alpha share for each Massey share in addition to $10 per share in cash, for a value of around $68 a share. That represents a nearly 19 percent premium over Massey’s closing share... Read more..

Goldman Sachs and Blue Source Create Strategic Alliance to Market U.S. Greenhouse Gas Emission Reductions

The Goldman Sachs Group, Inc. and Blue Source LLC today announced a strategic alliance that combines Goldman’s global leadership in commodities trading and financial risk management with Blue Source’s leading climate change portfolio. As part of the alliance, Goldman Sachs has purchased an equity stake in Blue Source LLC. Goldman Sachs will off-take, structure and market a broad range of verified emissions reductions (VERs) resulting from certain... Read more..

PBS Coals Limited Announces Agreement With Severstal for Take Up and Pay of C$8.30 Offer

PBS Coals Limited announced that the Company’s principal shareholders and the Company have reached an agreement with Mining Holding Company LLC, a holding company in OAO Severstal’s Resource Division and 7027940 Canada Limited, a subsidiary of Severstal Resources, pursuant to which the Offeror has agreed to take up and pay for all common shares tendered into its September 5, 2008 offer at a price of C$8.30 per share and waive all conditions... Read more..

National Coal Corp. CEO Daniel Roling to Present at Natixis Bleichroeder Second Annual Hidden Gems Conference

National Coal Corp., a Central and Southern Appalachian coal producer, announces its President and CEO, Daniel Roling, is scheduled to make a presentation at the Natixis Bleichroeder Second Annual Hidden Gems Conference in New York on Tuesday, October 14, 2008, at 9:00 a.m. Eastern Time. This presentation will be accessible online via the Company’s website at www.nationalcoal.com/investors.php National Coal recently updated its website, www.nationalcoal.com,... Read more..

CONSOL Energy Announces Share Repurchase Plan

The CONSOL Energy Inc. Board of Directors, at its regularly scheduled meeting, has authorized a share repurchase program of up to $500 million of the company’s common stock during a 24 month period beginning September 9, 2008. The repurchases will be made from time to time, and will be based on a number of factors, including: the company’s financial outlook; business conditions, including cash flows and internal capital requirements; as... Read more..

Homeland Energy Purchase of Appolo Fuels to Add 114 Million Tons Measured & Indicated Coal to Homeland’s Global Resource

Homeland Energy Group Ltd. report the receipt of initial results of a mineral resource study relating to Homeland’s recently announced acquisition of Appolo Fuels, Inc. (Appolo) (see Homeland Energy press release August 27, 2008). The resource estimation is being performed by Norwest Corporation’s (Norwest) Charleston, West Virginia office in compliance with Canada’s National Instrument 43-101, Standards of Disclosure for Mineral... Read more..

HLS Systems Announces Strategic Alliance with Shenhua Group, the Largest Power Plant Developer and Operator in China

HLS Systems International, Ltd., announced a strategic alliance with China Machinery Electronics Export Products Investment Corporation, a wholly owned subsidiary of Shenhua Group Corporation Limited (“Shenhua”), to provide automation control and management systems to its coal mining, power plants, and railways in China. Shenhua, with 150,000 employees, is one of the largest comprehensive energy companies in China. Shenhua is China’s largest... Read more..