Sunrise Seeks Permit for Long-Idled Indiana Mine to Possibly Sell Prep Plant
Sunrise Coal is seeking to repermit its long-idled underground Prosperity mine in Pike County, Indiana, most likely to make it easier to sell the mine's workable prep plant to one of several existing and planned deep mines in the area, a state official said Monday.
Sunrise abruptly closed Prosperity five years ago after Hallador acquired the mine, along with two other underground mines, Oaktown Nos. 1 and 2 in Knox County, Indiana, from Vectren Fuels.
Prosperity, however, has remained shuttered, and it appears it will continue to do so, according to Steve Riley, assistant to Indiana Labor commissioner Rick Rubel. Riley told S&P Global Platts that Sunrise has no interest in reopening Prosperity despite the company's ongoing push to boost production. The company has pushed in the sides of the mine, he said.
To continue reading, click here to view the full article on CoalZoom.com.
CoalZoom.com - Your Foremost Source for Coal News
Report Concludes Coal Has Future Beyond Current Uses
A report spearheaded by Wyoming-based Ramaco Carbon has concluded that coal offers significant uses beyond its current uses as a feedstock to fuel power plants or to produce coke for making steel.
The report, produced by the National Coal Council at the request of the U.S. Secretary of Energy, states that advancing new markets for coal can enhance U.S. national defense security, bolster the nation's energy and mineral security, enhance the nation's environmental objectives and contribute to America's economic security.
The coal council has recommended that the Department of Energy pursue three strategic objectives to accelerate U.S. manufacturing of coal-derived products. Those recommendations are that the Department of Energy establish a focused research and development program on coal-to-products, accelerate research-to-commercial deployment in coal-to-products market sectors and incentivize private sector investment in coal-to-products production and manufacturing sectors.
To continue reading, click here to view the full article on CoalZoom.com.
CoalZoom.com - Your Foremost Source for Coal News
Americans, Take Note: Aussies Just Rejected Futile, Hair-Shirt Environmentalism
Over the weekend, Australians reelected their conservative government against all expectations. The race, like many that have taken place in the United States in the last 20 years, illustrated that voters’ very real concern for the environment doesn’t translate to support for environmentalists.
Yes, everyone wants a clean environment. But that doesn’t mean they will accept the crazed policies of today’s green Left, which views the planet’s supposedly imminent demise as a good excuse to impose socialism.
Australia’s Labor Party campaigned heavily on higher taxes and cuts to greenhouse emissions. Their program was typical of such a platform, involving higher energy prices, huge subsidies for unproven and politically favored forms of green power, and inevitable cutbacks in economically sustainable manufacturing and mining that currently sustain many jobs.
Of course, such policies hold forth no promise at all of reducing global temperatures, and they are certain to destroy the livelihoods of many while enriching a small number of politically connected cronies. But this is how the green Left imposes its will and assuages its feelings about an ailing planet.
To continue reading, click here to view the full article on CoalZoom.com.
CoalZoom.com - Your Foremost Source for Coal News
Contura Energy Drives New Metallurgical Coal Mining Plan
Contura Energy, the leading U.S. coal mining company, announced that it would invest US$25 million to US$30 million to drive a new metallurgical coal project in the Lynn Branch, Logan County of West Virginia.
Contura Energy planned to start mining in the Lynn Branch mine in 2019 and started mass production in the second quarter of 2020. The mine was expected to produce about 1 million to 1.2 million tons of high-quality, high volume metallurgical coal annually.
Contura Energy's coal sales in the first quarter of 2019 increased by 1.88 million tons, an increase of 54.2% year-on-year.
CoalZoom.com - Your Foremost Source for Coal News
Coal Still Fuels Economic Fire in Pennsylvania, Industry Study Reports
Don’t rule the coal industry out as an economic force in Pennsylvania just yet.
A new study — conducted by the Allegheny Conference on Community Development and commissioned by the Pennsylvania Coal Alliance — found that coal mining accounts for nearly $7 billion in economic activity in the state, including $4.6 billion directly from mining and $2.27 billion from indirect and induced contributions.
Indirect spending primarily comes from supply-chain industries, while induced spending comes from employees who buy goods and services.
The study looked at the annual impact the coal industry has on Pennsylvania’s economy, using 2017 as a baseline year.
The state’s coal industry generated 17,770 jobs in 2017, including 6,000 directly tied to mining activity and 11,000 related to the supply chain and support services, the study said.
Despite a downward trend because of competition from natural gas, coal remains a significant source of energy in Pennsylvania and the U.S., the study said.
To continue reading, click here to view the full article on CoalZoom.com.
-13.png)
