Bloomberg reported that under a proposed settlement with the US government regarding "toxic discharges from its mines in five states," Alpha Natural Resources Inc. (NYSE:ANR) has agreed to pay a $27.5-million fine and spend around $200 million on implementing wastewater treatment systems.
Coal Company News Directory
Arch Coal Inc. (NYSE:ACI) announced that privately owned Blackhawk Mining LLC has purchased its Hazard subsidiary for $26.3 million in cash, "prior to post-closing adjustments."
Celsius Coal Ltd. (ASX:CLA) announced that it has signed a non-binding memorandum of understanding (MOU) with Xinjiang Bayi Iron and Steel Group and China Minmetals Group, both of which are potential offtake customers.
Universal Coal plc (ASX:UNV) announced yesterday that production has started at its South Africa-based Kangala coal mine.
Mining Weekly reported that for the six months ended December 31, 2013, Continental Coal Ltd.'s (ASX:CCC,LSE:COOL) net loss attributable to members jumped by 146 percent, to AU$15.79 million.
Whitehaven Coal Ltd. (ASX:WHC) announced that it has restarted longwall production from its Narrabri mine.
MicroCoal Technologies Inc. (CNSX:MTI) announced a non-brokered private placement for aggregate gross proceeds of up to US$10,000,000, consisting of up to 50,000,000 units of the Company at US$0.20 per Unit.
Mining Weekly reported that Coalspur Mines Ltd.'s (TSX:CPT,ASX:CPL) Vista coal project has been approved by the Alberta Energy Regulator. That means the company can now start finalizing detailed licenses and permits.
Mining Weekly reported that Anglo American plc (LSE:AAL) will probably cut an unspecified number jobs at its Australia-based Drayton thermal coal mine in the near future.
Mining Weekly reported that the Waterberg Coal Joint Venture Partners (WCJVP) have completed a feasibility study regarding the development of an opencast mining operation that would produce 10 million tonnes of coal a year for South African utility Eskom.