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Bens Creek Secures $5 Million in New Working Capital Facility
February 20, 2024
Bens Creek Group said that operational challenges over the recent period had impacted the company’s cash flow, forcing it to update funding arrangements with its largest shareholder. Bens Creek owns and operates metallurgical coal mines across the US, including the
Regulators Deny Wolfden’s Rezoning Permit for Pickett Mountain Mine, Maine
February 20, 2024
Wolfden Resources said the Maine Land Use Planning Commission (LUPC) denied the request by Wolfden and Franklin County to delay final action on the company’s Pickett Mountain Project rezoning application until all 9 of the LUPC commissioners could participate. Instead,
Georgia Environmental Protection Division Issues Draft Permit to Twin Pines Minerals
February 20, 2024
State regulators have issued draft permits for a mining proposal near the Okefenokee National Wildlife Refuge. The state Environmental Protection Division announced late Friday afternoon that it had decided to issue draft permits for Alabama-based Twins Pines Minerals. The company
Michigan EDC Proposes $50 Million Grant for Highland Copper’s Copperwood Project
February 20, 2024
Highland Copper Company said that after a yearlong review of the permitted Copperwood Project, the Michigan Economic Development Corporation (MEDC) has proposed a $50 million grant to be funded by the Strategic Site Readiness Program (SSRP). On January 30, 2024,
Manchin Joins Colleagues Urging Yellen to Follow the Law, Support Critical Mineral Extraction
February 20, 2024
Senator Joe Manchin (D-WV), Chairman of the U.S. Senate Energy and Natural Resources Committee, joined his senate colleagues in a letter to U.S Department of the Treasury Secretary Janet Yellen, urging the administration to abide by congressional intent and allow
Board of Supervisors Reject Reopening of Rise Gold’s Idaho-Maryland Mine, California
February 19, 2024
After years of meetings in Nevada County, the board of supervisors voted unanimously Friday to reject the potential reopening of the Idaho-Maryland Gold Mine. The decision followed two days of meetings where more than 100 people signed up for public
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
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