Alliance Resource Partners LP said Thursday it will invest $400 million to $525 million over three or four years in a coal-mining operation under construction in Illinois.
The deal includes coal producer Alliance taking an ownership stake in White Oak Resources LLC and buying and leasing back reserves and surface rights. Alliance is investing $69.5 million at closing.

Gossan Resources Limited's Technical Advisor, Dr. Zuliani, will be delivering a paper entitled, "Developments in the Zuliani Process for Gossan Resources’ Magnesium Project" at the 69th Annual World Magnesium Conference on May 22th in San Francisco. The conference, sponsored by the International Magnesium Association (IMA), focuses on current developments throughout all aspects of the magnesium industry. View Press Release