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Allegiance gears up with further equity raising

ALLEGIANCE Coal’s efforts to redevelop the New Elk coking coal mine in the US have just received further backing.

Haydn Black
New Elk production is about to start

New Elk production is about to start

Having scrapped a US$15 million debt option in favour of fresh equity last month, Allegiance executive chairman Mark Gray has convinced British Virgin Islands-domiciled Global Energy and Resources to drop...

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