Thursday, 18 Aug 2011
Global Earth Energy and its joint venture partner Modern Coal said they will complete the acquisition of Samuel Coal by September 6th 2011 or sooner.
According to the companies, details for full production of site production are being coordinated with local resources under the supervision of the JV and Samuel Coal.
The JV is now ramping up to move forward with multiple letters of intent already in place, due to the abundance of resources on the Samuel Coal properties.
The coal mines are located on about 5,000 acres near Hindman in the eastern part of the US state of Kentucky.
(sourced from Coal Energy)
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