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NEWS Click on text to read news by category: General | Product | People | Worldwide

Taseko Completes US$70 Million Secured Credit Facility

February 4, 2016

Taseko Mines Limited has entered into a US$70 million senior secured credit facility agreement with an affiliate of RK Mine Finance (Red Kite). “In addition to repaying the May 2016 loan, this facility strengthens our balance sheet with approximately US$40

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Respirable Coal Mine Dust Rule Enters Second Phase of Implementation

February 4, 2016

Eighteen months after its landmark rule aimed at preventing black lung disease took effect, the Mine Safety and Health Administration is implementing Phase II. Beginning February 1, underground coal mine operators are required to collect an increased number of coal

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AZZ Acquires Assets of Nebraska-based Galvanizing Facility from Olson Industries

February 4, 2016

AZZ Inc. has acquired the assets of Alpha Galvanizing Inc., an Atkinson, Nebraska-based business unit of Olson Industries, Inc. Alpha Galvanizing has served steel fabrication customers that manufacture electrical utility poles, agricultural machinery, and industrial manufacturing components since 1996. The

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Westmoreland Completes Acquisition and Financing for San Juan Mine, Mexico

February 3, 2016

Westmoreland Coal Company has completed its acquisition of the San Juan Mine in Farmington, New Mexico by its subsidiary Westmoreland San Juan, LLC (WSJ) for a purchase price of approximately $127 million. Westmoreland San Juan assumed operations at the mine

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Walter Energy to Sell Remaining U.S. Assets to Seminole Coal Resources

February 3, 2016

Walter Energy, Inc. has signed an asset purchase agreement with Seminole Coal Resources, LLC, ERP Compliant Coke, LLC and ERP Environmental Fund, Inc. (Seminole) all related to ERP Compliant Fuels, LLC, an affiliate of Virginia Conservation Legacy Fund, Inc. (VCLF),

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Stillwater Mining Approves Four Year Contract with Union

February 2, 2016

About 800 union miners at Stillwater Mining Co. have approved a new four-year contract. Scott McGinniss, of Columbus-based United Steelworkers local 11-0001, says the contract was approved Friday. McGinniss tells The Billings Gazette that the base pay for miners stays

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CONSOL Energy Temporarily Idles Its Harvey Coal Mine, Pennsylvania

February 2, 2016

Consol Energy Inc. has temporarily idled its Harvey coal mine in southwestern Pennsylvania. The Pittsburgh-based energy company said in its fourth-quarter 2015 earnings release, issued Friday morning, that it will not affect its previously stated guidance, “but it will optimize

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Champion Iron Receives Court Approval for Acquisition of Cliffs’ Bloom Lake Mine, Quebec

February 1, 2016

Champion Iron Limited has acquired the Bloom Lake Mine and related rail assets and the Quinto Mining Corporation mineral claims in Québec from Cliffs Québec Iron Mining ULC, Bloom Lake Mine Iron Ore Limited Partnership, Bloom Lake Railway Company Limited

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MSHA Responds to Favorable Court of Appeals Ruling on Coal Dust Rule

February 1, 2016

The U.S. Court of Appeals for the 11th Circuit has denied a challenge brought by two separate groups representing the coal industry to the final rule lowering miners’ exposure to respirable coal mine dust, including continuous personal dust monitors. The

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MSHA Releases Results of December 2015 Impact Inspections

February 1, 2016

The Mine Safety and Health Administration (MSHA)‘s federal inspectors issued 163 citations and five orders during special impact inspections conducted at 10 coal mines and seven metal and nonmetal mines in December 2015. MSHA conducted special impact inspections at mines

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