Homeland Energy announces coal sales contract for the price of 500,000 tons. Sale of coal comes from coal mining exploration in Kendal Mine, South Africa. This sales contract value is 700 Rand per metrik ton. This contract can be re-evaluated in range of time 12 months.

President and CEO Homeland Energy, said “Satisfaction of domestic demand at attractive prices positions Homeland to be a supplier of choice for quality coal in South Africa. The quality of coal coming from Kendal has exceeded our expectations thus far and this is reflected in the pricing and the significant demand we experience”.

Kendal Mine Grand Opening

Homeland Energy Group Ltd and Homeland Mining & Energy, SA will be holding a grand opening ceremony for the Kendal Colliery on Wednesday October 1, 2008. The gathering will include Government and local officials, employees, contractors, business partners and members of the local communities. The South Africa’s Minister of Minerals and Energy, Her Excellency, Hon. Bulyewa Sonjica has accepted Homeland’s invitation to address the gathering. The company will post photos and a copy of any speeches on the corporate website following the event.

Homeland Energy Group Ltd. (TSX: HEG) is a coal producer with operations the Witbank area of South Africa. The company also has a large-scale development property in South Africa and exploration interests in Southern Africa. Homeland is currently negotiating to acquire interests in a number of additional coal properties in eastern South Africa and neighbouring countries as well as in the United States. Homeland is a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration and development focused on projects in Niger and the United States. Homeland also has an aggressive global acquisition strategy with a focus on energy resources.

Homeland Energy Group Ltd. is currently traded on the Toronto Stock Exchange under the symbol “HEG” with 150,079,642 common shares issued and outstanding. www.homelandenergygroup.com.

Find More Other News : Coal, Company, Exploration, Mineral Exploration, Mining Finance, Mining Investment, Mining Jobs, Mining Top News