Allegiance looks at more land in Colorado

Junior Allegiance Coal has struck a non-binding memorandum of understanding (MoU) to acquire additional coal resources adjacent to the New Elk hard coking coal mine, in Colorado.

The Lorencito property is estimated to host an additional 87.6-million tonnes of hard coking coal, and could increase the resource base at New Elk from 656-million tonnes to 744-million tonnes.