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CONSOL Energy Shifts More Coal to Export Markets
February 19, 2024
CONSOL Energy sold 26 million tons in 2023 and reported $858 million related to operating activities. During Q4 2023, the Pennsylvania Mining Complex (PAMC) produced 6.6 million tons and shipped 6.8 million tons. The Itmann complex sold 159,000 tons and
Arch Resources Considers Sale of Wyoming Coal Mines
February 19, 2024
Arch Resources disclosed last week that it’s considering “strategic alternatives” with its thermal coal assets, including the “potential divestiture” of its properties in northeastern Wyoming’s Powder River Basin and elsewhere. Arch President and CEO Paul Lang said on a telephone
DOE Invests $17 Million to Strengthen Nation’s Critical Minerals Supply Chain
February 19, 2024
The U.S. Department of Energy (DOE) has allocated more than $17 million for three projects that will support the design and construction of facilities that produce rare earth elements and other critical minerals and materials from coal-based resources. The projects,
GM Enters Off Take Agreement with Nouveau Monde Graphite, Invests $150 Million
February 19, 2024
Nouveau Monde Graphite (NMG) and General Motors have agreed to sign a supply agreement upon closing of the tranche 1 investment, in which NMG will provide 18,000 tonnes per annum (tpa) of its expected phase-2 active anode material output to
South32 Releases Mine Plan of Operations for Hermosa Project, Arizona
February 16, 2024
South32’s Hermosa project — the only advanced mine development project in the United States that could produce two federally designated critical minerals, manganese and zinc — released its mine plan of operations for proposed activities on federal land. Required by
American Pacific Mining Regains 100% Ownership in Madison Copper Mine Project, Montana
February 16, 2024
American Pacific Mining said Kennecott Exploration Company, a subsidiary of the Rio Tinto Group, has agreed to discontinue the 11-year Madison earn-in agreement to acquire a 70 percent interest in American Pacific’s Madison Mine Project. The company has regained 100
Southern Illinois University’s DOI Grant to Focus on Extracting REE’s from Coal Waste
February 16, 2024
Rare earth elements are key to the energy sources that power many modern technologies, and a Southern Illinois University Carbondale researcher is trying to find ways to glean them from the remnants of yesteryear’s energy source. Jia Liu, associate professor
Volt Resources Passes First Phase of DOE Bid for Funding Opportunity
February 16, 2024
Volt Resources Ltd., an established graphite producer and natural graphite anode developer, continues to make progress in its bid to secure non-dilutive funding. In response to a funding opportunity announcement from the U.S. Government, Volt subsidiary, Volt Energy Materials, submitted
Stanmore Resources to Acquire South32’s 50% Interest in Eagle Downs Coal Project for $135 Million
February 16, 2024
Australia-based Stanmore Resources has agreed to acquire South32’s 50 percent interest in the Eagle Downs metallurgical coal project in Queensland, Australia in a deal worth up to $135 million. Under the terms of the agreement, Stanmore Resources will also take
Freeport-McMoRan Promotes Kathleen Quirk to President and Chief Executive Officer
February 16, 2024
Freeport-McMoRan has promoted Kathleen Quirk to president and chief executive officer, effective June 11, 2024. Quirk will assume full responsibility for executive management of the business reporting to the FCX board of directors. Richard Adkerson will remain chairman of the
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