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CNX Coal Resources formed by Consol Energy, announced today that it has launched its initial public offering of 10,000,000 common units representing limited partner interests. The common units are expected to trade on the New York Stock Exchange under the ticker symbol "CNXC." The underwriters of the offering will have a 30-day option to purchase [...]
ST. LOUIS, June 8, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) President and Chief Executive Officer Glenn Kellow today announced plans to reduce approximately 250 corporate and regional positions in coming months to create a leaner organization and lower costs. When fully implemented later this year, these reductions are expected to save $40 [...]
Diamante Minerals today provided an update on its previously announced Mineracao Batovi Diamond project. Diamante will provide a $1 million cash investment directly to a joint venture partnership with mining and exploration company Mineracao Batovi Ltda., which is majority-owned by legendary geologist Charles Fipke. In advance of Diamante's [...]
ST. LOUIS, June 3, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it is reducing metallurgical coal production by approximately 1.5 million tons per year from its North Goonyella Mine in Queensland, Australia. The modified production plan is designed to lower costs, improve cash flows and increase productivity, while [...]
Patriot Coal today announced that it has filed with the Bankruptcy Court a letter of intent for a proposed sale of a substantial majority of its operating assets to Blackhawk Mining, as well as a motion outlining bidding procedures. The contemplated transaction would be consummated pursuant to a chapter 11 plan and is subject to documentation of a [...]
BRISTOL, Va., May 29, 2015 /PRNewswire/ -- Alpha Natural Resources Inc. (NYSE: ANR) and its operating affiliate, Alpha Coal West, Inc., have been notified by the Wyoming Department of Environmental Quality's Land Quality Division (LQD) that the LQD believes the companies "no longer qualify under the self-bonding program" in the State. Alpha [...]
"As previously reported Consmin terminated its sales agreement with TMI in August 2014 following which a number of legal and arbitration processes arose between the parties. On 27th May 2015, Consmin (via its subsidiary MTL) and TMI entered into an agreement concluding the differences that had arisen in their relationship, which conclusion includes [...]
ST. LOUIS, May 22, 2015 /PRNewswire/ -- Arch Coal Inc. (NYSE: ACI) announced today that it received notice on May 21, 2015 from the New York Stock Exchange (the "NYSE") that it does not presently satisfy the NYSE's continued listing standard requiring the average closing price of a listed company's common stock to be at least $1.00 per share for [...]
BRISTOL, Va., May 22, 2015 /PRNewswire/ -- Operating affiliates of Alpha Natural Resources Inc. (NYSE: ANR) have notified employees today of the expected idling of the mining and processing operations where they work. In accordance with requirements of the Worker Adjustment and Retraining Notification (WARN) Act, notices were given today to 439 [...]
U.S. Rare Earths Inc. has demonstrated that the Dark Monazite (a unique Neodymium and Europium-rich mineral) at its Last Chance Mine has lower potential processing costs as a result of mineralogical studies and metallurgical testing completed on its stockpile material, the company announced. The Last Chance Mine is located in the Lemhi Pass Area of [...]
ST HELIER, Jersey, May 18, 2015 /PRNewswire/ -- Consolidated Minerals Ltd. ('Consmin' or the 'Company') Report for the Quarter ending 31 March 2015 Consmin, a leading manganese ore producer with mining operations in Australia and Ghana, announces its annual results for the period ending 31 March 2015. Commenting on the results, David Slater (CFO [...]
ST. LOUIS, May 14, 2015 /PRNewswire/ -- The Arch Coal Foundation announced today that 16 recent high school graduates have been chosen as 2015 Arch Coal Scholars. Each student will receive a $2,000 annual scholarship to an accredited college or university for up to four years. "Congratulations to the 2015 class of Arch Coal Scholars," said John W [...]
