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Consol Energy Reports Produce Of Coal-Mine Decline
Consol Energy said lower than expected production in the third quarter was attributable to several factors including: several roof falls along mainline belts, where roof conditions were affected by changing humidity levels; delays in resumption of longwall production following equipment moves at several mines because preparation of a new area to be mined was not [...]
S&P Upgrades U.S. Coal Mining Companies and Coal Prices
Primary Credit Analyst Marie Shmaruk and Secondary Credit Analyst Michael Scerbo upgraded five U.S. coal miners and revised one outlook among the 10 coal companies rated by the agency.
The analysts and research said, “The upgrades, in general, reflect improved coal pricing and the expectation that in the coming year the coal companies will benefit from [...]
Coal Mining Exploration Safety Violation, Consol Energy Fatal Coal Mining Accident
Mine operator Consol Energy has been cited for a safety violation that contributed to a fatal coal mining accident in June, a state mine inspector said Wednesday.
Veteran miner Gary Hoffman, 55, was struck and killed June 5 by a loaded rail car at Consol’s Robinson Run No. 95 mine, state mine inspector Alan Lander said [...]
Hayward admits failures as BP’s profits and output fall
BP’s new chief executive, Tony Hayward, has pledged to oversee a turnaround at the oil giant as the company posted a drop in second-quarter profits.
Making his City debut as chief executive, Mr Hayward told reporters yesterday that rather than make optimistic predictions he would “prefer to concentrate on real delivery”. “My message today is simple: [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
CONSOL Energy, Pittsburg and Midway Coal Announce Venture to Develop New Powder River Basin Coal Mine
Affiliates of CONSOL Energy Inc and The Pittsburg and Midway Coal Mining Co. (P&M), have entered into a joint venture agreement to develop the proposed Youngs Creek Mine north of Sheridan, Wyoming.
CONSOL of Wyoming LLC, and Chevron NPRB, LLC, have formed a new company, Youngs Creek Mining Company, LLC., to develop and operate the [...]
Armtec Infrastructure Income Fund delivers revenue and cash flow growth for 2006
Armtec Infrastructure Income Fund today reported financial results for the year and fourth quarter ended December 31, 2006 and finishes the year on a positive note.
“2006 was a very important year with several key accomplishments as we continued to execute on our growth strategy. Operating results improved in every measure of performance as we benefited [...]
ActiveMine(TM) To Be Demonstrated For Consol Energy In West Virginia
Active Control Technology Inc. announced today that it will demonstrate ActiveMine(TM), the company’s 100% wireless two-way voice communications and tracking system, for CONSOL Energy Inc. (NYSE: CNX – News), a major U.S. underground coal and energy producer.
The system will be installed in a West Virginia longwall mining operation later this month. West Virginia is a [...]
China to control coal production
China will consolidate coal mines and boost output of good quality coal while controlling overall production, the country’s planning agency says in a five-year blueprint for the industry.
Total production will be capped at 2.6 billion tons annually by 2010, the National Development and Reform Commission said in a report posted on its Web site.
China is [...]
