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Standard Bank: Mining Deals to Rebound from Six-year Low

February 6, 2015

The value of mining mergers and acquisitions will rise this year after touching a six-year low in 2014 as lower commodity prices force companies to reduce costs by combining operations, according to Standard Bank. While producers have cut operating costs,

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Underground Bicycle Park Being Built at Old Limestone Mine in Louisville, Kentucky

February 6, 2015

It’s the perfect setting: millions of tons of dirt, plenty of space and an atmosphere that stays at a constant 58 degrees. A new underground bicycle park with miles of dirt trails, jumps and stunt courses is being built inside

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W. Va. Coal Association Honors Coal Companies With Environmental Stewardship Awards

February 6, 2015

Xinergy Ltd.‘s South Fork Coal Company Clearco Preparation Plant in Greenbrier County claimed the state’s top award for environmental stewardship — the Greenlands Award — at the West Virginia Coal Association’s 42st Annual West Virginia Mining Symposium held January 28th-30th

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President’s Budget Provides Help for Underfunded Pensions for 100,000 Mine Workers

February 6, 2015

President Barack Obama’s budget includes protections for 100,000 mine workers whose pension plans are underfunded, plus help for those whose health insurance claims have been denied because of bankruptcy protections for the bituminous coal industry. The proposal increases transfers from

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W.Va. Regulators Deny Bid to Block Keystone Development’s Surface Coal Mine

February 6, 2015

West Virginia regulators have denied an attempt to halt further development of a 400-acre surface mine at the northeastern boundary of Kanawha State Forest. The denial is from the West Virginia Surface Mine Board. It rejected all 14 arguments raised

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Obama’s FY Budget Seeks $842.1 Million for Office of Fossil Energy to Advance Technologies

February 5, 2015

President Obama’s fiscal year (FY) 2016 budget seeks $842.1 million for the Office of Fossil Energy (FE) to advance technologies related to the reliable, efficient, affordable and environmentally sound use of fossil fuels, implement ongoing federal responsibilities at the naval

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DOE Pulls Funding for FutureGen Clean Coal Plant, Illinois

February 5, 2015

The U.S. Department of Energy announced late Tuesday that it was ending work on the FutureGen 2.0 clean coal project in Illinois. DOE said the project would not meet a September 2015 deadline to use $1 billion in stimulus funds

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FMC Signs Definitive Agreement to Sell Alkali Chemicals Business to Tronox for $1.64 Billion

February 5, 2015

FMC Corporation has signed a definitive agreement to sell its Alkali Chemicals business to Tronox Limited.  The transaction, valued at $1.64 billion, is expected to close in the first quarter of 2015. In September 2014, FMC began the process to

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Mountain Province Diamonds Secures US $370 Million to Develop Gahcho Kué Diamond Mine, Canada

February 5, 2015

Mountain Province Diamonds Inc. has received credit approval for a US$370M term loan facility to develop the Gahcho Kué Diamond Mine in Canada. “We welcome Scotiabank to the lending syndicate and are very pleased to have Canada’s leading lender to

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Solitario Options Its Norcan Copper Project, Mexico

February 5, 2015

Solitario Exploration & Royalty Corp. has signed an option agreement with Minera Cuicuilco S.A. de C.V., a Mexican indirect subsidiary of Freeport-McMoRan Inc., on its Norcan copper project located in Mexico along the prolific copper producing Sonora-Arizona Copper Belt. The

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