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DOE to Launch Responsible Carbon Management Initiative, Seeking Public Input
August 16, 2023
The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced in the Federal Register its intent to launch a “Responsible Carbon Management Initiative.” The initiative aims to encourage and recognize project developers and others in industry
U.S. Steel Rejects a $7.3 Billion Offer from Rival Cleveland-Cliffs
August 15, 2023
United States Steel said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it
CONSOL Energy’s Shift in Strategy has Most of Its Coal Going Abroad
August 15, 2023
On the same day the U.S. Environmental Protection Agency accepted its last public comment on a sweeping proposal to regulate carbon emissions from the nation’s powerplants, Pennsylvania-based CONSOL Energy told investors its bottom line is increasingly driven by other nations.
Grid Operators Warn U.S. EPA Proposal Could Lead to Significant Power Shortages
August 15, 2023
Regional grid operators outlined a range of reliability and market concerns with the U.S. Environmental Protection Agency’s proposal to require new and existing fossil fuel-fired power plants to implement carbon capture or green hydrogen blending. The EPA’s proposal, unveiled in
Donkin Coal Mine to Remain Shut While Province Reviews Operator’s Safety Plans
August 15, 2023
Nova Scotia’s Department of Labor says it is not ready to allow the underground coal mine in Donkin to reopen until all safety concerns are addressed. In July, the province issued a stop-work order after a large section of the
Corsa Coal to Receive $35 Million Settlement from Pennsylvania Department of Transportation
August 15, 2023
Corsa Coal Corp. said its wholly-owned subsidiary, PBS Coals, has entered into a binding memorandum of understanding dated August 11, 2023 with the Pennsylvania Department of Transportation (PennDOT) in respect of a settlement of all claims by PBS for damages
Majuba Hill Copper Making Strides in Nevada as It Looks to Become Next Generation Copper Company
August 14, 2023
Majuba Hill Copper Corp. was in the spotlight as the Fraser institute, an industry expert, called Nevada the “most attractive jurisdiction for mining investment globally.” The company, in a statement, described the recognition as “a significant milestone to both Nevada
Electra Battery Materials Secures $21.5 Million to Advance Its Cobalt Refinery, Black Mass Recycling
August 14, 2023
Electra Battery Materials Corporation has closed on the brokered private placement and concurrent non-brokered private placement for aggregate gross proceeds of $21.5 million. “Despite a backdrop of challenging market conditions, our ability to successfully close our financing and receive strong
American Resources Names Tarlis Thompson as CEO of American Carbon’s Mining Division
August 14, 2023
American Resources Corporation’s strategic committee has approved the appointment of Tarlis Thompson as the chief executive officer of its American Carbon subsidiary, a leading producer of high quality metallurgical and specialty carbon. “As American Resources continues to grow, it is
DOE Awards $1.2 Billion to Carbon Capture Projects in Louisiana and Texas
August 14, 2023
The Biden administration has awarded $1.2 billion to companies that plan to build facilities in Louisiana and Texas to remove existing carbon dioxide emissions from the atmosphere. The projects will use a technology called direct air capture (DAC), and they
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