CA-Black-Transp

Contura Sells PRB Assets to Blackjewel

Executing a move that narrows its focus to eastern U.S. operations and reduces reclamation obligations, Contura Energy said it plans to sell Contura Coal West LLC and related entities to Blackjewel LLC. The sale includes the Eagle Butte and Belle Ayr mines, which are located in Wyoming’s Powder River Basin (PRB), along with related coal reserves, equipment, infrastructure and other properties. Combined, the two mines shipped 24.5 million tons through the first three quarters of 2017, and Contura subsidiaries controlled approximately 600 million tons of proven and probable PRB reserves.

Read more ...

Peabody Honors Leadership in Clean Coal Technologies

Peabody Energy has again recognized innovation in clean coal technologies among leading examples of coal-fired generating plants from the U.S., China, Japan and India with their Fourth Annual Peabody Global Clean Coal Leadership Awards. Presented at Power-Gen International 2017 in Las Vegas, the awards recognize the cleanest coal plants in the world and shine a light on the tremendous environmental progress being made to improve emissions through greater use of technology.

Read more ...

Teck Updates Steelmaking Coal Guidance

 Teck Resources provided updated guidance for its expected realized metallurgical coal price and an update on its estimated sales volumes for the fourth quarter of 2017. The fourth-quarter 2017 price index for steelmaking coal volumes sold under quarterly contract on the basis of the average of three assessments for the period September through November, is now established at $191 per metric ton (mt). Teck expects to realize an average price, for all tons sold in the quarter, of approximately $165/mt to $170/mt.

Read more ...

GE Helps Modernize Indian Coal-fired Power Plant

In an effort to improve the efficiency and reduce emissions of India’s installed fleet of coal-fired power plants, GE’s Power Services business, working with NGSL (a 50/50 joint venture of NTPC and GE) and Gujarat State Electricity Corp. Ltd., recently announced the results of a steam turbine modernization project at the Ukai power station. The project used GE’s latest modernization solutions, including its Advanced Steam Path (ASP) technology, part of the company’s Fleet 360 portfolio.

Read more ...

Peabody Completes Sale of Burton Mine to Lenton JV

Peabody Energy has completed the sale of the majority of its inactive Burton mine in Australia and its related infrastructure to the Lenton Joint Venture for approximately $11 million, subject to certain customary post-closing adjustments. In addition to the cash from the sale, the transaction reduces Peabody's asset retirement obligation by approximately $41 million. The sale also provides for the release of approximately $30 million of restricted cash in support of such asset retirement obligation, which combined with the company's recently announced revolving credit facility, is expected to free up approximately $300 million in cash.

Read more ...