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Fitch: Arch Coal’s Bankruptcy Bumps Up U.S. Default Rates
January 13, 2016
Adding Arch Coal, Inc.‘s $3.2 billion of bond debt to the default volume propels the metals/mining sector’s trailing 12-month (TTM) default rate to 15 percent from 11 percent at the end of December, according to Fitch Ratings. Arch’s Chapter 11
Nucor Set to Resume Operations at DRI Plant, Louisiana
January 13, 2016
Nucor Corporation’s direct reduced iron (DRI) plant in Louisiana will resume operations by the end of January. The plant temporarily suspended production at the end of last year for planned maintenance and the company decided not to resume production at
Elcora Resources Developes Industrial Scale, High Quality, Graphene Production Process
January 13, 2016
“The company is continuing the development of a unique graphene production process, which can use a wide variety of graphite sources as raw material to produce consistent high quality graphene,” said Troy Grant, president and CEO of Elcora Resources Corp.
Jan. 26: PBS to Air Documentary About West Virginia’s Labor History “The Mine Wars”
January 13, 2016
“In the coal mines of West Virginia the desire for dignity ran deep.” That sentence sums up a new PBS documentary that examines until recently a period of state history that was often overlooked, intentionally. “The Mine Wars” allows watchers
Commission OK’s Mosaic’s Four Corners Phosphate Mine, Florida
January 13, 2016
Mosaic Fertilizer LLC will continue its phosphate mining operation on the Four Corners Mine in Duette. During Thursday’s land use meeting, the Manatee County Commission unanimously approved a five-year operating permit for the Four Corners Mine, which now includes the
Permit Process Moves Forward for Calico Resources’ Grassy Mountain Gold Mine, Oregon
January 13, 2016
There are still some issues to be addressed, but the state permitting process for a proposed gold mine south of Vale is moving toward completing its pre-application work and can soon begin work on the actual permit application. Calico Resources
Atlantic Coal Set to Depart AIM, Changes Name to Atlantic Carbon
January 13, 2016
US- focused coal miner Atlantic Coal is set to depart from AIM after shareholders approved the resolution at a meeting yesterday. Also approved was a change of name to Atlantic Carbon expected to become effective on or around January 24
Signal Peak Energy Reaches Agreement for Bull Mountain Coal Mine Expansion, Montana
January 13, 2016
A central Montana coal mine reached an agreement Monday with environmentalists and state regulators that is intended to avoid a major shutdown as a declining coal market leaves the future of some mining companies in doubt. The deal comes after
Blackhawk Mining to Permanently Lay Off 146 Coal Miners at W. Va. Mines
January 13, 2016
Blackhawk Mining has announced plans to idle some coal operations in southern West Virginia and permanently lay off 146 workers. Lexington, Kentucky-based Blackhawk Mining sent layoff warning notices to the Kanawha County Commission on Monday. The Panther Creek mine in
Arch Coal Files for Chapter 11 Bankruptcy
January 12, 2016
Arch Coal, Inc. has reached an agreement with a majority of the lenders under its $1.9 billion first lien financing facility to significantly restructure the company’s debt load. Arch has entered into a restructuring support agreement with the members of
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