Tag Archive | "virginia"

Consol Energy Raises 2011 Coal Production View

Thursday, July 14, 2011

Reuters reported that Consol Energy (NYSE:CNX) expects to produce more coal in 2011 that it originally forecast.

Dominion Virginia to Turn Three Coal-Fired Plants to Biomass

Friday, April 1, 2011

Bloomberg reported that Dominion Resources (NYSE:D) announced it will convert three Virginia coal-fired plants to biomass.

Patriot Coal will close mine in Central Appalachia

Tuesday, August 4, 2009

Patriot Coal Corp. declared that it will close one of its central Appalachia mines, located in southern West Virginia, resulting in the termination of all employees working there, effective Oct. 5. For full story, click here

Obama To Reverse Bush Rule On Coal

Monday, April 27, 2009

The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.

Coal Prices: Only Way Up

Tuesday, April 7, 2009

Upgrade season is on and for coal and things seem to be heating up. Coal prices appear to be at a bottom and credit markets are beginning to work again, which should provide a positive catalyst for the industry. Cancellations of mining projects stabilized in February as well. To add to the positive news, J.P. Morgan on Monday upgraded mining firms Joy Global (JOYG) and Bucyrus International Inc. (BUCY) to neutral from underweight.

Patriot Coal Corp. plans to cut output by 2mln tonnes

Monday, April 6, 2009

Patriot Coal Corp. reported that it’s cutting another 2 million tons of southern West Virginia production due to weak market conditions. For full story, click here

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