In the filing, the company described itself as a low-cost producer of quality thermal coal with expertise in developing highly productive underground mines in the high-sulfur Illinois Basin. Over the past decade, Foresight said it invested more than $1.5 billion in four…
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Alliance Continues to Post Strong Numbers
…Ridge is in the process of ramping up production of high-sulfur steam coal. When in peak production, it should turn out about 6 million tons annually. Construction continues, meanwhile, on Alliance’s new Gibson South underground mine near also in Gibson County. Operated…
Peabody Secures Long-Term Agreement for Twentymile
The project involves developing the new Twentymile Sage Creek portal in the existing Wadge coal seam and moving the longwall. The new portal will access an additional 105 million ton northern reserve block of high-Btu, low-sulfur coal. Permits are in place for…
FLSmidth in Negotiations to Acquire Ludowici
…approximately 65% of its turnover in Australia, the acquisition of Ludowici will significantly expand FLSmidth’s presence in this important mining region. Furthermore, the acquisition will support FLSmidth’s aspiration to expand its customer service offering as approximately 60% of Ludowici’s turnover relates to…
Peabody Will Appeal the ALJ Decision on Willow Lake
…Lake miners continue to work under terms of their previous agreement with the Boilermakers. The Willow Lake election represents the UMWA’s biggest victory in years in the high-sulfur Illinois Basin where it once was a dominant force. Currently, the union represents only…
Arch Coal Winning Bidder for South Hilight Lease
“Because of their very high quality, the South Hilight reserves are exceptionally well positioned to serve both the growing export market and expanding domestic demand for ultra-low-sulfur coals,” said Steve Leer, chairman and CEO, Arch Coal. “Black Thunder is already producing the…
AEP Reaches a Deal for the Turk Plant
…the plant. The agreement also calls for Turk, which is about 80% completed, to burn only low-sulfur coal from the Powder River Basin or subbituminous coal with similar characteristics. AEP said the accord eliminates any uncertainty that Turk might not go into…
China to Spend $100 billion on New Coal-fired Power Plants for the Next Decade
…co-located industries rather than waste it in a cooling tower cycle; Make byproducts such as hydrochloric acid, sulfur, ammonium sulfate and gypsum; Replace old inefficient coal-fired power plants with 30% efficiency with 45% efficient ultra-supercritical power plants; and Co-locate desalination and municipal…
Peabody Energy’s Big Ridge to Appeal ALJ Decision Regarding Willow Lake
…Lake miners continue to work under terms of their previous agreement with the Boilermakers. The Willow Lake election represents the UMWA’s biggest victory in years in the high-sulfur Illinois Basin where it once was a dominant force. Currently, the union represents only…
The Illinois Basin Supply-side Story
…in new pollution controls or “scrubbing,” taking place to meet more stringent environmental controls. In a scrubbed scenario, Illinois Basin (ILB) coal is a suitable replacement for lower sulfur Appalachian coal. With increasing demand abroad, ILB coal may soon be taking advantage…
Joy Global Executives Ring the Bell on NYSE
“I am very fortunate to be part of a company that has an outstanding reputation, not only for our high quality products and services, but also for our financial performance,” said Michael Sutherlin, CEO, Joy Global. “There is no question that this…
December 2011
…president, general counsel and secretary, with the retirement of current general counsel D. Michael Miller. Tracy A. Elich has been appointed vice president of human resources. The company also announced Michael Heyeck, senior vice president of transmission, has also been appointed president…
Australia’s Abbott Point Plans for Future Expansion
…the terminals and access to a proposed Multi-Cargo Facility (MCF). The MCF is necessary to provide sheltered harbor capable of accommodating up to 12 Capesize berths to facilitate exports from the port. The T4-9 Project, together with the planned MCF and other…
Alpha Settles with DoJ on UBB Mine Explosion
…“We’re particularly pleased that a substantial portion of the settlement is going toward furthering miner safety, which has always been Alpha’s guiding principle.” The former Massey work force of more than 7,000 people has been trained in Running Right, Alpha’s behavior-based safety…
Alliance Has a Busy Third Quarter
…high-sulfur coal anually at peak output. Meanwhile, challenging geological conditions at the Pontiki underground mine near Inez in Martin County, Ky., and the impact of stringent regulatory compliance on productivity contributed to lower Central App sales volumes in the third quarter of…
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