White Energy’s wholly owned subsidiary, White Energy Coal North America, Inc. (“WECNA”), has entered into agreement with Buckskin Mining Company (“Buckskin”), a wholly owned subsidiary of Kiewit Group, to enable WECNA to develop coal upgrading plants at Buckskin’s mine in Gillette Wyoming. The project will have an initial capacity of 1 million tonnes per annum but the parties intend to expand the capacity to 8 million tonnes per annum.
The Buckskin Mine produces in excess of 27 million tons of sub-bituminous coal annually, and since 1981 has shipped more than 406 million tons of high quality, low quality coal from the Southern Powder River Basin. White Energy will own 100% of the Buckskin project.
The key terms of the Buckskin joint venture are as follows:
White Energy was able to advise shareholders on the 18 November 2013, that that the Division of Air Quality of the Wyoming Department of Environmental Quality issued White Energy Coal Wyoming LLC (a wholly owned subsidiary of White Energy) a permit to construct and operate a maximum 1.3 million short ton per annum coal upgrading plant to be located at Buckskin Mining Company's facility outside Gillette, Wyoming in the Powder River Basin. Refer to the full announcement released: White Energy Obtains Wyoming Clean Air-Permit