Cobalt Coal to Acquire more Properties
Cobalt Coal Ltd. (TSXV:CCF) announced details of a transaction regarding the acquisition of five coal properties in Virginia.
Articles Tagged "virginia"
Cobalt Coal Proposes Acquisitions of Coal Assets
Cobalt Coal Ltd. (TSXV:CCF) announced its proposed acquisition of coal properties in Kentucky and Virginia.
Consol Energy Raises 2011 Coal Production View
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
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
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
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
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
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
