CORAL SPRINGS, Florida, February 28, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues Mid-day report for today's Active Energy/Mining Companies: New Colombia Resources, Inc., Walter Energy, Inc. (NYSE : WLT), Alpha Natural Resources, Inc. (NYSE : ANR), Tesoro Corporation (NYSE : TSO), Arch Coal, Inc. (NYSE : ACI) and Denbury Resources Inc. (NYSE : DNR)
New Colombia Resources, Inc, trading on the OTCQB, released news Thursday morning regarding its coal mining properties in Colombia. To read the entire press release go to http://finance.yahoo.com/q?s=NEWC&ql=1. Headline: New Colombia Resources Plans to Commence Drilling at their Metallurgical Coal Property. The Company is taking the steps necessary to complete a NI-43.101 Technical Study on both their wholly owned "La Tabaquera" metallurgical coal mine and the soon to be wholly owned "La Herradura" coal mine. "We're very excited to begin drilling and updating shareholders as each hole is drilled," stated John Campo, President of New Colombia Resources, Inc. "The NI 43-101 is a tool used to measure reserves by investors around the World, this will prove our reserves and allow us to get favorable financing to begin production," further commented Mr. Campo. NEWC is finalizing their recently announced acquisition of Compania Mineria San Jose Ltda. which will be used as its operating subsidiary in Colombia. New Colombia Resources is also waiting for comments from the Agencia Nacional de Mineria (ANM) on the status of their Works Programme submitted in December. The company has not received any comments, which it deems as a positive sign.
To read all the latest headlines for New Colombia, go to http://finance.yahoo.com/q/h?s=NEWC+Headlines
Walter Energy, Inc. (NYSE : WLT) was trading up slightly as of mid-morning at $32.24 per share and over 600,000 shares traded by 11:15. WLT produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces thermal and industrial coal, anthracite, metallurgical coke, coal bed methane gas, and other related products. It principally serves electric utility and industrial customers.
Alpha Natural Resources, Inc. (NYSE : ANR) was trading down slightly as of mid-morning at $8.13 per share and over 2.6Million shares traded by 11:15. ANR together with its subsidiaries, engages in producing, processing, and selling steam and metallurgical coal in the United States. The company has mining operations in Virginia, West Virginia, Pennsylvania, Kentucky, and Wyoming. As of December 31, 2011, it owned or leased approximately 4.7 billion tons of proven and probable coal reserves; and operated 145 mines in northern and central Appalachia and the Powder River basin.
Tesoro Corporation (NYSE : TSO) was trading up slightly as of mid-morning at $56.66 per share and over 1.1Million shares traded by 11:15. TSO, together with its subsidiaries, engages in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail. The Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline, gasoline blendstocks, jet fuel, and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke, and asphalt.
Arch Coal, Inc. (NYSE : ACI) was trading down slightly as of mid-morning at $5.37 per share and over 3.1Million shares traded by 11:15. ACI sells steam coal to power plants and industrial facilities, and metallurgical coal for use in steel production worldwide. The company was founded in 1969 and is headquartered in St. Louis, Missouri. The company engages in the production and sale of steam and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2011, it operated or contracted out the operation of 46 active mines, and owned or controlled approximately 5.33 billion tons of proven and probable recoverable reserves.
Denbury Resources Inc. (NYSE : DNR) was trading up as of mid-morning at $18.02 per share and over 1.2 Million shares traded by 11:15. DNR engages in the acquisition, development, exploitation, and exploration of oil and natural gas properties in the Gulf Coast region located in Mississippi, Texas, Louisiana, and Alabama. It also owns properties situated in the Rocky Mountain region primarily in Montana, North Dakota, Utah, and Wyoming.
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