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Dec 12, 2008 (M2 EQUITYBITES via COMTEX) -- WLT | Quote | Chart | News | PowerRating -- Walter Industries Inc (NYSE: WLT), a producer and exporter of metallurgical coal, declared on 11 December that Jim Walter Resources has leased approximately 46 million tons of additional high-quality Blue Creek Coal reserves contiguous to its Mine No. 4 and Mine No. 7 operations near Brookwood, Alaska.
The terms of the leases, including royalty rates, are consistent with its existing lease agreements.
According to Jim Walter Resources' chief executive officer, George R. Richmond, the 46m tons of premium hard coking coal reserves are an excellent strategic addition to its existing Blue Creek Coal reserves. The coal is of a similar quality to its other metallurgical coals.
The reserves are adjacent to Jim Walter Resources' current mining operation, which has the potential to expand its production capacity efficiently in the future.
Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts
Friday, December 12, 2008
Monday, November 17, 2008
Summary Box: Further stress in Canada oil sands
TORONTO - WHAT HAPPENED: Petro-Canada and its partners Teck Cominco Ltd. and UTS Energy Corp. became the latest companies to postpone expansion of an oil sands project by delaying a decision on further investment in a $19.5 billion oil sands project in northern Alberta. They also shelved plans to building an upgrade refinery.
Full Story
Full Story
State refuses to let Exxon build ice road
The state has rejected a request by Exxon Mobil Corp. to build an ice road in a North Slope natural gas field whose lease ownership is in dispute.
The state has tried to strip Exxon and partners of leases held by Exxon since 1977, saying the area known as Point Thomson was never developed.
"Despite the fact that the leases expired in August 2008, (Exxon Mobil) applied for permission to construct an ice road to transport a drilling rig onto the expired lease to drill for oil and gas," the Alaska Department of Natural Resources said in a statement released Friday.
Full Story
The state has tried to strip Exxon and partners of leases held by Exxon since 1977, saying the area known as Point Thomson was never developed.
"Despite the fact that the leases expired in August 2008, (Exxon Mobil) applied for permission to construct an ice road to transport a drilling rig onto the expired lease to drill for oil and gas," the Alaska Department of Natural Resources said in a statement released Friday.
Full Story
State refuses to let Exxon build ice road
The state has rejected a request by Exxon Mobil Corp. to build an ice road in a North Slope natural gas field whose lease ownership is in dispute.
The state has tried to strip Exxon and partners of leases held by Exxon since 1977, saying the area known as Point Thomson was never developed.
"Despite the fact that the leases expired in August 2008, (Exxon Mobil) applied for permission to construct an ice road to transport a drilling rig onto the expired lease to drill for oil and gas," the Alaska Department of Natural Resources said in a statement released Friday.
The state has tried to strip Exxon and partners of leases held by Exxon since 1977, saying the area known as Point Thomson was never developed.
"Despite the fact that the leases expired in August 2008, (Exxon Mobil) applied for permission to construct an ice road to transport a drilling rig onto the expired lease to drill for oil and gas," the Alaska Department of Natural Resources said in a statement released Friday.
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