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Wisconsin-based River Steel to Close, Laying Off Remaining Workers
March 10, 2017
West Salem-based River Steel will close later this month, laying off the last 20 of its employees. The family-owned company, which manufactures components for large power shovels, cites a global decline in mining and the shift of U.S. manufacturing jobs
Coal Industry Poised for a Comeback in Trump’s First Year
March 10, 2017
The coal industry is poised for a small comeback this year on expectations natural gas prices will rise, according to U.S. Energy Department (DOE) forecasts. “While U.S. total electricity generation is expected to decline almost 1 percent this year, the
Commentary: Trump Will Expand Ohio Coal Opportunities
March 10, 2017
In the past few decades, the coal industry has been under attack by those who wish to eliminate its importance in the modern global economy. Supporters of this important fuel source are often portrayed as environmentally negligent or dangerously out
CONSOL Energy Moves Ahead With Coal Divestment Plans
March 10, 2017
CONSOL Energy Inc. said it has hired advisers to help push ahead with plans to divest its coal business in a transaction that, people familiar with the matter say, could be worth $2.8 billion or more. The energy company is
Arch Coal Increases Equity Ownership in Coal Export Terminal in Newport News, Virginia
March 9, 2017
Arch Coal, Inc. has expanded its equity share in Dominion Terminal Associates (DTA), a coal export terminal in Newport News, Virginia. The transaction will increase Arch’s percentage interest in the storage-to-vessel coal transloading facility from 22 percent to 35 percent
Paramount Gold Executes MOU With Regulators on Process to Permit Grassy Mountain Project, Oregon
March 9, 2017
Paramount Gold Nevada Corp. has entered into a memorandum of understanding (MOU) governing the preparation of a National Environmental Policy Act (NEPA) analysis for its wholly-owned Grassy Mountain Gold Project in Oregon. The MOU is a signed agreement among the
EPA Issues Draft Permits for Azarga Uranium’s Dewey Burdock Project, Colorado
March 9, 2017
Azarga Uranium’s wholly owned subsidiary, Powertech (USA) Inc, has received notice that the United States Environmental Protection Agency has issued two draft permits for the Dewey Burdock Uranium Project. The issuance of the draft permits represents the completion of a
PDAC Applauds Government of Canada’s Commitment to Support Capital Raising for Minerals Industry
March 9, 2017
The Honourable Jim Carr, minister of natural resources, announced the renewal of the Mineral Exploration Tax Credit (METC) for one year, along with the maintenance of the flow-through share system, during his address at the media reception at the PDAC
Arch Coal Closes $300 Million Senior Secured Term Loan Facility
March 9, 2017
Arch Coal, Inc. has successfully refinanced its senior secured term loan and, in response to strong demand and very attractive rates, has upsized the term loan to $300 million from the previously announced level of $250 million. The interest rate
W. Va. Attorney General Morrisey Meets with President Trump About Coal Mining
March 8, 2017
West Virginia Attorney General Patrick Morrisey discussed efforts to reinvigorate coal mining and eradicate the state’s opioid drug epidemic during a Tuesday meeting with President Donald Trump. The Attorney General visited the White House as part of this week’s Winter
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