Contura Gets a Bump From Improved Met Pricing

In its preliminary first quarter earnings statement, Contura Energy reported coal revenues of $508.9 million, with Central Appalachia (CAPP) accounting for $148.7 million and Trading and Logistics accounting for $166.7 million. On the thermal side, Northern Appalachia (NAPP) revenue totaled $97.7 million and the Powder River Basin (PRB) generated $95.8 million in coal sales.

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NMA Urges Reform of Broken Program for Abandoned Coal Mines

The chief executive of the national trade association representing the U.S. coal industry recently told a congressional panel that the federal program funded by the coal industry to help clean up old abandoned coal mines has been plagued by an inefficient structure and lax management leading to billions of dollars spent for other purposes.

“Of the almost $11 billion that the coal industry has paid into the Abandoned Mine Lands fund since its inception in 1977, only $2.8 billion of the $8.5 billion spent to date from the fund has resulted in the reclamation of priority coal abandoned mine sites,” said National Mining Association (NMA) President and CEO Hal Quinn.

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Kentucky Coal Academy to Host Free Initial Training

The Kentucky Coal Academy, located in Versailles, Kentucky, will host free initial mining trainings through its program at Southeast Kentucky Community and Technical College (SKCTC). Classes will be held at Harlan campus, 164 Ball Park Road, Mining Industry building, second floor. To register for, or to learn more about this underground mining class, call (606) 589-3068 or (606) 589-3260, or email [email protected] or [email protected].

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DOE Awards $6.9M for Research on Rare Earth Elements

The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced it is investing $6.9 million in rare earth element (REE) research through two funding opportunities. The agency announced that three projects have been selected to receive approximately $3 million for research aimed at producing salable REEs from domestic coal and coal byproducts. In addition, the DOE has announced the availability of an additional $3.95 million for projects in three new topic areas to accelerate separation and extraction processes for REEs.

REEs are a series of 17 chemical elements found in the Earth’s crust. Due to their unique chemical properties, REEs are essential components of technologies spanning a range of applications, including electronics, computer and communication systems, transportation, health care, and national defense.

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US Withdraws From Paris Agreement

On June 1, President Donald J. Trump announced that the United States planned to withdraw from the Paris Climate Accord and begin negotiations to either re-enter or negotiate an entirely new agreement with more favorable terms for the United States.

During the address in the Rose Garden at the White House, President Trump vowed that the U.S. would maintain its position as a world leader in clean energy, while protecting the economy and strengthening the work force.

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