Xinergy Increases Thermal Coal Reserves Via Lease Agreement

Xinergy Ltd. (TSX:XRG) announced that it has completed a definitive lease agreement with Penn Virginia Operating Co. (NYSE:PVG) for the Brier Creek property.

The press release is quoted as saying:

The Transaction includes surface leases and coal subleases to the thermal coal reserves through two fully permitted deep mine areas, which have already been faced up, as well as active permits for a coal preparation plant and refuse area.

To read the full press release, click here.