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Homeland Energy Group Ltd. is focused on coal production from existing South African mines, resource development in South Africa, energy exploration in southern Africa and strategic acquisitions of properties and projects that support continued growth of Homelands energy resources and reserves. Homeland`s Kendal Coal Mine began production in July 2008 and will continue ramping up to full production of 1.8 million tonnes per year into early 2009. Homeland`s Eloff Mining Project, with a resource estimate of 250 million tonnes (Measured and Indicated) and 210 million tonnes (Inferred) of coal is currently in the development stage with first production anticipated in 2011. The Company complies fully with the Black Economic Empowerment requirements of the South African Minerals and Petroleum Resources Development Act through shareholdings by a number of companies owned by historically disadvantaged South Africans in each of the project companies. Homeland Energy Group Ltd. is traded on the Toronto Stock Exchange under the symbol HEG following a reverse take-over by capital pool company, Chrysalis Capital Corporation IV in March 2008.
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oresight is a leading coal producer in the Illinois basin region of the United States with control of over three billion tons of coal reserves currently supporting four mining complexes. Foresight’s logistics give each of its mining complexes multiple modes of transportation to reach the end-users for its coal, including rail, barge and truck. Foresight serves both the domestic and international markets.