Management Energy has completed its merger with Maple Carpenter Creek Holdings, and the combined company will retain the name Management Energy.
The combined company now controls surface and mineral rights to thermal coal in Montana near the Bull Mountain area, and also has the exclusive option to acquire high quality metallurgical coal reserves in Colombia, South America.
The company controls surface rights of an estimated 345 million tons and the mineral rights of an estimated 83 million tons of thermal coal in Montana at its Carpenter Creek mine project site.
In addition, its Snider Ranch prospect adds another 43 million tons of low ratio coal, and surface mines with access to railroad infrastructure located 50 miles northeast of Billings, Montana, Carpenter Creek and Snider Ranch are two of the last high-BTU, low-sulfur deposit bases remaining in the western US.
The company is in the process of obtaining the necessary surface mining permits to begin production.
In Colombia, one of the company’s two metallurgical coal mine comprises 11 million tons of reserves and is permitted, and production is slated to start in the first quarter of 2011.
The other mine is to be permitted with a resource estimate of 40 million tons and is expected to be in production by early 2012.