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Molycorp to Receive $390 Million Strategic Investment From Molymet
February 2, 2012
Molycorp has reported that Molibdenos y Metales (Molymet), the world’s largest processor of the strategic metals molybdenum and rhenium, has agreed to invest approximately $390 million in Molycorp in exchange for 12.5 million shares of Molycorp common stock. Molycorp has agreed…
Westmoreland Completes Acquisition of Kemmerer Coal Mine in Wyoming
February 1, 2012
Westmoreland Coal Company has completed the acquisition of Chevron Mining Inc.’s Kemmerer coal mine in Lincoln County, Wyoming. Total consideration for the purchase of the Kemmerer mine included a cash payment of $76.5 million and the assumption of approximately $118.0 million…
Coalspur Mines Completes Bankable Feasibility Study on Vista Project in Canada
February 1, 2012
Coalspur Mines has completed a Bankable Feasibility Study (BFS) on the company’s flagship Vista Coal Project. The BFS follows a Pre-Feasibility Study which was completed in December 2010 and is the final major technical study that will be completed prior to…
B&W Awarded $75 Million Environmental Construction Contract for Indiana Power Plant
February 1, 2012
Babcock & Wilcox Construction Co. (BWCC), a subsidiary of The Babcock & Wilcox Company has been awarded a contract worth more than $75 million to provide construction services for the installation of environmental equipment at Northern Indiana Public Service Company’s R.M.…
FirstEnergy to Close Six Coal-Fired Power Plants, Citing Impact of Environmental Regulations
February 1, 2012
FirstEnergy will retire six older coal-fired power plants located in Ohio, Pennsylvania and Maryland by September 1, 2012. The decision to close the plants is based on the U.S. Environmental Protection Agency Mercury and Air Toxics Standards (MATS), which were recently…
Commentary: Obama Renewing War Against Coal
January 27, 2012
President Barack Obama talked a lot about “renewable” energy during his State of the Union speech Tuesday night. But he made it crystal clear he plans to renew his administration’s war against coal while forcing expensive, unrealistic non-alternatives down the throats…
Plant Washington, Georgia’s Major Coal-Fired Power Plant Project Loses Largest Investor
January 27, 2012
Cobb EMC’s board of directors voted this week to end financing for development of a proposed 850-megawatt (MW), supercritical coal-fired power station in Georgia. Cobb served as a member of the Power4Georgians electric co-op consortium behind the Plant Washington project. They…
CONSOL Energy Alerts Pennsylvania Miners to Meningitis Death
January 27, 2012
Consol Energy is alerting 500 workers at a coal mine in southwestern Pennsylvania after a miner died from a rare form of meningitis that is spread through a person’s saliva. The Pittsburgh based company isn’t identifying the worker who died Tuesday,…
NIOSH Releases Handbook for Industrial Minerals Mining, Processing
January 27, 2012
NIOSH’s Office of Mine Safety and Health Research and the Industrial Mineral Association-North America have released a handbook describing the dust-generating processes and the control strategies necessary to enable mine operations to reduce workers’ dust exposure. Designed primarily for use by…
Luminant Makes $500,000 Contribution to University of Texas Carbon Management Program
January 27, 2012
For a sixth consecutive year, Luminant has made a significant contribution to the University of Texas at Austin’s Luminant Carbon Management Program. This year’s $500,000 gift brings the company’s total program contribution to $2.8 million. Founded in January 2007, the program…
