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Union Pacific Coal Loadings Surge Despite Utility Issues |
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Sunday, 13 June 2010 12:56 |
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Union Pacific coal loadings from the western basins faced increasing difficulty as the month progressed, the railroad said in its weekly loadings report. The railroad is coping with unscheduled utility outages and mine production problems that are expected to last well into May.
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North Dakota Lignite Grows |
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Sunday, 13 June 2010 12:54 |
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North Dakota’s lignite coal industry accounted for nearly $3 billion in business activity last year, The Associated Press reported. Partners for Affordable Energy said that’s up nearly $500 million from 2008; adding the increase comes from upgrades to the state’s six lignite fired powered plants and construction of a seventh near Jamestown.
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Massey Energy Moves Quickly to Bring More Production Online |
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Sunday, 13 June 2010 12:55 |
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Massey Energy announced it would expand operations in Pike County, Ky., and Buchanan County, Va. According to the company, these metallurgical quality coal operations contain approximately 750,000 tons of coal and are expected to employ approximately 110 workers. The surface and highwall miner operations are projected to produce approximately 300,000 tons of metallurgical quality coal through the remainder of 2010, according to the company.
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NRP to Form JV with International Paper |
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Sunday, 13 June 2010 12:54 |
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Natural Resource Partners L.P. (NRP) and International Paper announced they have signed a definitive agreement to form a joint venture in which NRP will be the managing and controlling partner with a 51% interest, including a cumulative preferred distribution from the joint venture before profit sharing commences. The new joint venture will own and manage the current leases as well as the further development of the more than 7 million mineral acres currently held by International Paper. NRP will pay International Paper $42.5 million at closing.
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