Bloomberg Businessweek reported this week that enriched uranium producer, USEC, has filed for bankruptcy protection with a plan to cede control to noteholders following an over supply of uranium negatively impacted business.
Energy Company News Directory
Forum Uranium Corp. (TSXV:FDC) announced a private placement of $3 million through Secutor Capital Management Corporation acting as lead agent. The financing consists of 3,636,363 flow-through units at $0.55 per FT Unit for gross proceeds of up to $2,000,000 and up to 2,000,000 units at $0.50 per Unit for gross proceeds of up to $1,000,000.
Bloomberg reported that under a proposed settlement with the US government regarding "toxic discharges from its mines in five states," Alpha Natural Resources Inc. (NYSE:ANR) has agreed to pay a $27.5-million fine and spend around $200 million on implementing wastewater treatment systems.
Mining Weekly reported that Glencore Xstrata plc (LSE:GLEN) is interested in purchasing Nigerian oil assets being sold by Royal Dutch Shell plc (LSE:RDSA).
Fission Uranium Corp. (TSXV:FCU,OTCQX:FCUUF, FWB:2FU) released results from the latest twenty holes of the winter program at its PLS property in Saskatchewan’s Athabasca Basin, Canada. All twenty holes returned strong, wide intervals of mineralization; 65% of holes included significant amounts of off-scale (as defined by greater than 9999 cps) mineralization. Drilling Highlights include: PLS14-158 (line [...]
Arch Coal Inc. (NYSE:ACI) announced that privately owned Blackhawk Mining LLC has purchased its Hazard subsidiary for $26.3 million in cash, "prior to post-closing adjustments."
Celsius Coal Ltd. (ASX:CLA) announced that it has signed a non-binding memorandum of understanding (MOU) with Xinjiang Bayi Iron and Steel Group and China Minmetals Group, both of which are potential offtake customers.
Universal Coal plc (ASX:UNV) announced yesterday that production has started at its South Africa-based Kangala coal mine.
Peninsula Energy Limited (ASX:PEN) has been granted the final Supplement Environmental Impact Statement for the Lance Central Processing Plant and Ross Permit Area in Wyoming by the United States Nuclear Regulatory Commission (NRC).