White Energy has purchased 100% of the capital stock of Mountainside Coal, which operates several coal mines which collectively produce around 400,000 tonnes of coal annually.
The entire mining operation of Mountainside Coal including mine infrastructure, plant, equipment, permit and unsold coal stocks is acquired by White Energy.
The acquisition is expected to boot revenue stream while White Energy plans to implement its binderless coal briquetting (BCB) technology to process coal fines produced from the mine.
White Energy managing director Brian Flannery said, "In addition to Mountainside Coal acquisition, we will continue to work with certain Powder River Basin producer in Western USA in progressing the business case for upgrading their sub-bituminous coals again using our coal BCB process."
