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NMA: Treasury Guidance on 45X Ignores Congressional Intent for Mining Minerals
December 21, 2023
The National Mining Association’s (NMA) president and CEO Rich Nolan commented on guidance issued by the Department of the Treasury on the Section 45X Advanced Manufacturing Production Credit. “This guidance fails to uphold Congress’s intent to incentivize the secure and
NERC Releases 2023 Long-Term Reliability Assessment, Transmission Hurdles Impact Future Reliability
December 21, 2023
Sharp increases in peak demand forecasts and the potential for higher generator retirements are raising concerns for electric reliability over the next ten years. NERC’s 2023 Long-Term Reliability Assessment (LTRA) finds that industry faces mounting pressure to keep pace with
NMA: Grid Authority Issues Alarming Wakeup Call on U.S. Electric Reliability Crisis
December 21, 2023
National Mining Association (NMA) president and CEO Rich Nolan issued the following statement on the release of the North American Electric Reliability Corp.’s (NERC) 2023 Long-term Reliability Assessment. “NERC’s latest assessment shows that the nation’s grid reliability has never been
Australia Expands List of Critical Minerals Key to Energy Transition
December 21, 2023
Australia expanded its list of critical minerals deemed crucial to its energy transition and national security needs as the country boosts the strategically and economically important sector. The government added fluorine, molybdenum, arsenic, selenium, and tellurium to the list of
EPA Awards $600 Million to 11 Grantmakers for Environmental Justice Projects
December 21, 2023
The EPA has awarded $600 million for 11 selected Grantmakers under EPA’s Environmental Justice Thriving Communities Grantmaking program. This is the largest investment in climate action in history. This new grant program, which will make it easier for small community-based
Nippon Steel to Acquire U.S. Steel for $14.9 Billion
December 20, 2023
Nippon Steel Corporation (NSC) and United States Steel Corporation have entered into a definitive agreement to which NSC will acquire U.S. Steel in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion plus the
Alberta Hit with $10.8 Billion Lawsuit By Coal Companies Over Policy Changes, Canada
December 20, 2023
Five coal companies are suing Alberta for a combined $10.8 billion, claiming the government’s coal policy reforms have cost them billions in lost investment and potential revenues and have made mining the land they leased all but impossible. At the
Skeena Resources Closes $61 Million Financing with Franco-Nevada to Advance Eskay Creek Project
December 20, 2023
Skeena Resources Limited has closed a financing package of $61 million (C$81 million) with Franco-Nevada Corporation to further develop Skeena’s 100 percent owned Eskay Creek Gold-Silver Project. The project is located in the Golden Triangle of Northwest British Columbia. The
DOE Awards Up to $890 Million for Carbon Capture Projects at Gas and Coal Plants
December 20, 2023
The U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) will allocate up to $890 million in funding for three projects to demonstrate technologies designed to capture, transport, and store carbon emissions. The three projects — located in
Warrior Met Coal Reports Massive Data Breach Impacting Nearly 20,000
December 20, 2023
Warrior Met Coal this week informed the Maine attorney general’s office that the names and social security numbers of nearly 20,000 individuals have been compromised by a recent data breach intended to extort money from the west Alabama metallurgical coal
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