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Argonaut Acquires Premier Drilling Tool Manufacturer Center Rock
June 13, 2023
Argonaut Private Equity, a Tulsa, OK-based private equity fund, has acquired Center Rock Inc., a Berlin, Pennsylvania-based provider of drilling tools and rigs serving the construction, mining, utility, and energy industries. The private equity group’s low-leverage approach reinforces the partnership’s
Pebble Mine Stock Investors Settle Lawsuit with Mine Developer for $6.4 Million
June 13, 2023
A group of shareholders and the developer of the proposed Pebble mine in Southwest Alaska have reached a $6.4 million settlement to resolve investors’ complaints that they had been misled by the company. The investors had claimed in federal court
Interior Department Releases Updated Guidance for Mining Claims
June 13, 2023
The Department of the Interior released a Solicitor’s Opinion to outline approaches that applicants may take to site waste rock and tailings facilities on federal lands under the General Mining Act of 1872 to enhance permitting certainty and consistency for
Rio Tinto to Invest $1.1 Billion to Expand Its AP60 Low-carbon Aluminium Smelter in Quebec, Canada
June 13, 2023
Rio Tinto will invest $1.1 billion (CAN$1.4 billion) to expand its state-of-the-art AP60 aluminium smelter equipped with low-carbon technology at Complexe Jonquière in Canada. The total investment includes up to $113 million (CAN$150 million) of financial support from the Quebec
PolyMet Reviewing Options After Wetland Permit Revoked for NorthMet Mine, Minnesota
June 12, 2023
Poly Met Mining released the following statement regarding the revocation of NorthMet’s Clean Water Act section 404 permit by the U.S. Army Corps of Engineers: “Today’s decision by the U.S. Army Corps of Engineers is reversal of thoroughly reviewed water
Senator Capito, 27 Colleagues Seek Hearings on EPA Plan to Shutter Coal-and-Gas-Fired Plants
June 12, 2023
U.S. Sen. Shelley Moore Capito, R-W.Va., is asking for additional public hearings to be scheduled on a far-reaching federal Environmental Protection Agency plan that would force the closure of additional coal-and-gas-fired power plants. Capito, the ranking member of the Senate
Poland’s Prime Minister Morawiecki to Keep Turow Coal Mine Operating Despite Court Ruling to Close
June 12, 2023
The Polish government said it will ignore a court ruling suspending an environmental permit for one of the country’s largest lignite coal mines. The ruling was issued by a Warsaw court on May 31 and made public on Tuesday. The
Federal Judge Yanks Approvals for P4 Production’s Caldwell Canyon Phosphate Mine, Idaho
June 9, 2023
A federal judge has yanked approval for a phosphate mining project in southeastern Idaho, saying federal land managers in the Trump administration didn’t in part properly consider the mine’s impact on sage grouse, a bird species that has seen an
Biden Admin Blocks Minnesota’s NorthMet Mine as Company was Preparing Site for Construction
June 9, 2023
The U.S. Army Corps of Engineers on Tuesday announced that it had revoked an environmental permit for a Minnesota mine, just one week after the company behind the project announced that it was ready to begin construction on the nation’s
EIA: U.S. Electricity Generation from Natural Gas was Highest on Record this Past Winter
June 9, 2023
According to EIA’s Short-Term Energy Outlook (STEO), U.S. electricity generation from natural gas reached a record-high 619 billion kilowatthours (BkWh) during the most recent winter heating season (November 1 - March 31), averaging more than 120 BkWh per month and
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