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Murray Energy Working to Avoid Bankruptcy
July 13, 2016
Murray Energy Corp. and its lenders are working on a plan to keep it solvent as the company works to avoid filing for bankruptcy in two months’ time. Last week, Murray Energy, the nation’s largest privately owned coal miner, told
PolyMet Submits First Permits for NorthMet Copper Mine, Minnesota
July 13, 2016
PolyMet Mining Co. on Monday submitted the first three permit applications for its proposed copper-nickel mine outside Hoyt Lakes. The company submitted a water appropriations permit to the Minnesota Department of Natural Resources, a water pollutant discharge permit to the
Kinder Morgan Terminals Signs 10-Year Agreement for In-plant Services with Nucor
July 12, 2016
Kinder Morgan, Inc. has entered into a new, 10-year agreement with Nucor Corporation to provide in-plant services for five of Nucor’s facilities at Decatur, Alabama; Hertford, North Carolina; Berkeley, South Carolina; and two facilities at Blytheville, Arkansas. The five facilities
MSHA Screening Shows No Mines Eligible for Pattern of Violations, First Since Program Began in 2010
July 12, 2016
The U.S. Department of Labor’s Mine Safety and Health Administration have reported that — for the first time since reforms began in 2010 — none of the nation’s more than 13,000 mining operations meets the criteria for a pattern of
Alpha Natural Resources’ Plan of Reorganization Confirmed by U.S. Bankruptcy Court
July 12, 2016
Alpha Natural Resources, Inc.‘s plan of reorganization has been approved, contingent upon the finalization of certain definitive documentation and the entry of an order in the coming days, by the United States Bankruptcy Court for the Eastern District of Virginia.
Court Approves Arch Coal’s Disclosure Statement for Its Proposed Plan of Reorganization
July 12, 2016
Arch Coal, Inc.‘s disclosure statement filed in connection with the company’s proposed plan of reorganization has been approved by the United States Bankruptcy Court for the Eastern District of Missouri. With this approval, Arch can begin to solicit approval of
Arch Coal Secures Global Settlement, Facilitates Consensual Completion of Financial Restructuring
July 11, 2016
Arch Coal, Inc. has secured a global settlement with certain of its senior secured lenders that hold more than 66 2/3 percent of its first lien term loan and the Official Committee of Unsecured Creditors (UCC). The company has filed
Dominion Diamond to Proceed with Development of Jay Project, Canada
July 11, 2016
Dominion Diamond Corporation will proceed with the development of the Jay Project based on the positive results of a feasibility study (FS) and subsequent revised project schedule and life-of-mine plan. The Jay Project is located within the Buffer Zone Joint
GE’s Fairchild Mining Equipment Plant in Glen Lyn, Virginia to Close
July 11, 2016
Another manufacturing facility in the area dependent on the coal mining industry is closing. GE’s Fairchild Mining Equipment plant in Glen Lyn, Va. will close within six to 12 months, the company said Wednesday, impacting 59 employees. Cathy Heiman, communications
MSHA Awards $8.4 Million in Mine Safety Training Grants
July 11, 2016
The West Virginia Office of Miners’ Health, Safety and Training will receive more than $524,000 in federal funds for training courses aimed at reducing mining accidents, injuries and illnesses. The Mine Safety and Health Administration announced the grants Wednesday. MSHA
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