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Source: Bloomberg



White Energy Co., an Australian coal processing company, said its North American unit will build an $80 million processing plant at a Kiewit Corp. mine in Wyoming.
Kiewit’s Buckskin unit will lease land to White Energy adjacent to its mine in Wyoming’s Powder River Basin, the largest U.S. coal producing region. The factory will be completed in a year and reach production capacity of 1.1 million tons annually in the second quarter of 2010, White Energy Coal North America said today in a statement.

White Energy says it technology crushes and dries high- moisture coal into bricks that produce fuel with 35 percent more energy per ton.

White Energy plans to buy unrefined coal produced at Buckskin, process it, and market the improved coal to power-plant operators, said Judy Tanselle, president of Rockville, Maryland- based White Energy Coal North America.

The company is negotiating customer agreements with several utilities, she said. No sales contracts have been signed yet, Tanselle said.