Archive for the " Coal Energy " Category

Walter Energy Announces Third Quarter 2009 Earnings From Continuing Operations of $0.45 per Diluted Share on Record Coking Coal Sales Volumes

October 22nd, 2009

Third Quarter Coking Coal Sales of 1.9 Million Tons up 35.2 Percent Versus Prior Year; Year-to-Date Sales Volumes Ahead of Same Period Last Year
Company Resumes Delivery on Carryover Coal Contracts at $315 per Ton
Company Expects Premium Hard Coking Coal Production and Sales of Approximately 8 Million Tons in 2010 and Up to 9.5 Million Tons [...]

More Bad News for ‘Clean Coal’ Coalition

September 10th, 2009

By Kate Sheppard 9/9/09 1:49 PM
Another major corporation announced on Wednesday that it’s leaving the American Coalition for Clean Coal Electricity over concerns about the group’s efforts to thwart climate legislation. Alstom Power, a French company that makes components for power plants, said it is leaving ACCCE immediately.
“We have resigned from ACCCE because of questions [...]

EPA Releases Survey Results on Coal Ash Impoundments

September 10th, 2009

WASHINGTON - The U.S. Environmental Protection Agency is making information publicly available from electric utilities on the management of coal combustion residuals contained in surface impoundments and similar management units. Following the coal ash spill at a Tennessee Valley Authority facility in Kingston, Tenn., EPA requested the information from electric utilities to inform an assessment [...]

Patriot Coal Announces Closing of Central Appalachia Mine

August 5th, 2009

Patriot Coal Corporation (NYSE: PCX) today announced the closing of the Samples surface mine located in southern West Virginia. Patriot’s affiliate, Catenary Coal Company, in compliance with the Worker Adjustment and Retraining Notification Act (”WARN”), advised employees that their employment at the Samples mine will be terminated effective October 5, 2009. The mine has [...]

Peak Coal, Global Warming Policy and Exponential Math

June 15th, 2009

Three reports say coal is not nearly so abundant, or cheap, as we think it is.
Rising gasoline prices brings usually bring bouts of worry about “peak oil,” the idea that petroleum supplies will peak and then inexorably decline, leading to price shocks.
Recent studies have stirred up similar concerns about peak coal. Stop right there. Peak [...]

Australia, China Firms Strike Coal Deal

May 27th, 2009

SYDNEY – Under a plan to supply China with Australian coal, Waratah Coal Pty Ltd. said it has won the financial backing of Metallurgical Corporation of China Ltd., or MCC, for its planned US$5.15 billion thermal coal project in Queensland state.
The plan has several hoops to jump through before the first cargo leaves port, but [...]

$1bn at risk if state does not release coal

May 22nd, 2009

AT LEAST a billion dollars of investment and thousands of jobs could be lost if the Victorian Government continues to prolong or rejects the release of coal for a Latrobe Valley project using an Australian-devised clean-coal technology.
Japan’s ITOCHU Corporation yesterday became the latest cornerstone partner for clean-coal company Exergen’s Continuous Hydrothermal De-watering technology, a patented [...]

First Uranium to sell C$106.8 mln in stock

May 12th, 2009

TORONTO, May 11 (Reuters) - First Uranium Corp (FIU.TO) will sell C$106.8 million ($92 million) in stock by way of a bought deal financing, and use the proceeds for possible acquisitions and to speed up development of its mine waste processing plant, the company said on Monday.
The Toronto-based company plans to sell 15.3 million [...]

Tanzania: Development Group in U.S. $1.2 Billion Coal Initiative

March 30th, 2009

The National Development Corporation (NDC) and Pacific Corporation East Africa (PCEA) have formed a company to explore and exploit coal resources in Southern Tanzania.
The National Development Corporation (NDC) and Pacific Corporation East Africa (PCEA) have formed a company to explore and exploit coal resources in Southern Tanzania.
The company, Tancoal Energy Limited (TANCOAL) is a joint [...]

Students and faculty critique ‘clean coal’

March 30th, 2009

As WU takes initiative, issue on mind of University community
Several Washington University environment and energy experts came together to critique clean coal and to discuss problems with the University’s funding of a Missouri clean coal initiative.
“This notion of clean coal is an oxymoron,” said Bill Lowry, professor of political science. “Coal is going to inevitably [...]