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Wyoming Lawmakers Advance Legislation for Tax Break for Coal Exports
March 3, 2020
Wyoming lawmakers advanced legislation Monday that would give the state’s coal companies a tax break on coal shipped overseas through ports in Canada and Mexico. The sponsors of the bill believe the effort could help Powder River Basin coal avoid
W. Va. State Senate Passes Bill Offering Tax Break for Aging Coal-fired Power Plants
March 3, 2020
The state Senate unanimously passed a bill providing a tax break for coal-fired power plants. Senate Bill 793 passed 34-0 and now goes to the House of Delegates. A similar bill already passed out of the House Energy Committee earlier
JPMorgan Cuts Back Lending to Coal Companies and Arctic Drillers
March 3, 2020
JPMorgan Chase & Co. will no longer do business with coal companies and will restrict financing to companies that drill in the Arctic, the company announced Tuesday. The announcement came in tandem with the bank announcing it would extend $200
Navajo Transitional Energy and Gov’t Reach Agreement on Newly Acquired Tennessee Mines
March 3, 2020
A Navajo tribal company has reached an agreement that would allow the U.S. government to enforce environmental laws at recently acquired mining properties in Tennessee. Navajo Transitional Energy Company has agreed to a limited waiver of sovereign immunity, the company
Great River Energy Mulling Future of Its Coal Creek Power Plant, North Dakota
March 3, 2020
Even coal-fired plants with a coal mine next door can have economic woes these days. Maple Grove-based Great River Energy — Minnesota’s second-largest electricity provider — is mulling the future of its big Coal Creek power plant, with early closure
Rio Tinto Employees to Benefit from Partnership with Society for Mining, Metallurgy & Exploration
March 3, 2020
Rio Tinto has committed to providing development opportunities for its employees by signing a multi-year partnership with the Society for Mining, Metallurgy & Exploration (SME). The partnership will benefit Rio Tinto employees as they enjoy benefits of SME’s services, including
Foresight Energy to Shut Down Shay No. 1 Coal Mine Complex , Illinois
March 2, 2020
The bankrupt owner of St. Louis-based coal company Foresight Energy has signaled that it plans to shut down a Macoupin County mine. The likely closure was first made public earlier this week, when Murray Energy — the Ohio-based coal producer
Energy Fuels Eyes Expansion Into Rare Earth Elements, in Talks with U.S. Government
March 2, 2020
Energy Fuels Inc updated investors Friday on its forays into the rare earth element (REE) sector at its White Mesa Mill property in Utah. The company is primarily a uranium producer, but many ores and alternate feed materials that contain
Minera Alamos Approves C$14 Million to Build Santana Gold Mine, Mexico
March 2, 2020
Minera Alamos Inc. said shareholders have now approved the final phase of the C$14 million financing deal with Osisko Gold Royalties Ltd, announced in December, which will allow it to build the Santana gold mine in Mexico. As reported last
House Bill 231 Moves Forward, Coal Severance Tax Exemption-Canadian and Mexican Ports
March 2, 2020
The House Revenue Committee went back and forth over a bill that looks to incentivize coal exports, voting 5 to 3 to move the bill forward. House Bill 231, Coal Severance Tax Exemption - Canadian and Mexican Ports, is one
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