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Price of Powder River Basin Coal Jumps to Unprecedented High
December 6, 2021
Utilities are back in the market for coal. Powder River Basin coal is known for its stability. Over the last decade, even as the industry contracted, its weekly spot price fluctuated by just $5 per short ton, never rising above
National Miners Day Honors America’s Miners
December 6, 2021
The men and women who spend every day digging in the earth are some of the greatest unsung heroes of industry and modern civilization. They dig deep into the darkest places in the world to bring out the riches that
One Miner Missing, One Injured in Coal Mine Accident in Poland
December 6, 2021
Coal mining authorities said Sunday that one miner is missing and one has been rescued with injuries after an earth tremor and a cave-in at a mine in southern Poland. A spokesman for Poland’s Mining Group, Tomasz Glogowski, said that
Pa. Rep. Matt Cartwright Introduces Black Lung Benefit Imrovement Act for Suffering Miners
December 6, 2021
Representative Matt Cartwright introduced the Black Lung Benefits Improvement Act today, legislation that would reform the program that provides benefits to coal miners suffering from black lung disease. The act aims to “level the playing field” for miners and their
Capstone and Mantos Copper Combine to Create New Company Capstone Copper
December 3, 2021
Canadian base metals mining company Capstone Mining has agreed to merge with copper-producing company Mantos Copper to create a new company called Capstone Copper. Under the deal, each Capstone shareholder will receive one newly issued Capstone Copper share per Capstone
U.S. Geological Survey and DOE Partner to Explore Potential for Geologic Carbon Storage
December 3, 2021
The U.S. Department of the Interior’s U.S. Geological Survey and U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) entered a memorandum of understanding (MOU) establishing cooperation between the two agencies to assess global, regional, and
GM, POSCO to Build North America Factory to Process Cathode Active Material for Ultium Batteries
December 3, 2021
General Motors and POSCO Chemical plans to form a joint venture through which the parties will construct a factory in North America to process critical battery materials for GM’s Ultium electric vehicle platform. The joint venture will process Cathode Active
Asia Broadband to Acquire Bonanza Gold Mine Project for $6 Million, Mexico
December 3, 2021
Asia Broadband Inc. has signed a definitive purchase agreement to acquire a 100 percent interest in the Bonanza Gold Mine Project. The company came to terms with Martin Augusto Vallejo Lujambio for the 19.25 hectare concession. Bonanza, is located approximately
Osisko Mining Enters $154M Convertible Placement with Northern Star Resources for Windfall Project
December 3, 2021
Osisko Mining has signed an agreement for a private placement of $154 million in a convertible senior unsecured debenture due December 1, 2025 with Northern Star Resources Limited. In addition, Osisko and Northern Star have agreed to negotiate, on an
GOP Lawmakers Hammer Biden Over Increased Coal Costs, Historic Shortage
December 2, 2021
Congressional Republicans are blaming the Biden administration for increased coal prices — and even shortages not seen in decades — as temperatures cool and Americans turn on their heaters. “The Biden Administration’s disastrous economic agenda has targeted our fossil fuel
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