Lighthouse Resources Files Lawsuit Against Washington

Lighthouse Resources Inc. filed a federal lawsuit against Washington Gov. Jay Inslee and members of his administration for blocking coal mined in Wyoming, Montana and other western sister states from being exported through a terminal in Washington, which it alleged is in violation of the U.S. Constitution’s Commerce Clause and other federal statutes. The complaint, filed in U.S. District Court in Tacoma, Washington, detailed how state officials allegedly violated the U.S. Constitution and federal law by unreasonably denying and refusing to process permits to redevelop a brownfield site on the Columbia River where an existing Washington state lease allows coal exports.
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FERC Rejects DOE’s Proposal on Grid Reliability

On January 8, the Federal Energy Regulatory Commission (FERC) rejected a rule proposed by the Department of Energy (DOE) on grid reliability and resilience pricing. The rule would have ensured that each eligible reliability and resiliency resource could recover its fully allocated costs.

According to DOE Secretary Rick Perry, FERC-approved wholesale markets are not necessarily pricing resiliency attributes of traditional baseload generation adequately. The rule would have paid for baseload generators to maintain a 90-day stockpile of fuel.
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Blackhawk Set to Grow Met Coal Business in 2018

Metallurgical coal will continue to represent an increasingly important part of Blackhawk Mining LLC’s production portfolio in 2018, with the Lexington, Kentucky-based company expecting to mine and sell nearly 9 million tons of met coal out of its total projected output of 14.5 million tons.

The strategic decision to grow its met coal business was behind Blackhawk’s late 2017 restructuring of long-term debt, freeing up nearly $100 million of incremental liquidity the company can use to strengthen its balance sheet.
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Projects Advancing in Illinois Basin in Early 2018

At the start of 2018, several major Illinois Basin (ILB) coal producers were pursuing projects to expand or extend existing steam coal mining operations while at least one, Indiana’s Blankenberger Brothers, was hoping to advance plans this year for a new underground mine that could produce as much as 3 million tons per year (tpy). And, Paringa Resources was preparing for the start of production midyear at its new Poplar Grove underground mine in western Kentucky.
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Murry Energy Will Acquire Majority Interest in Armstrong Energy

Murray Energy Corp. announced its subsidiary, Murray Kentucky Energy Inc., has entered into an agreement with Armstrong Energy to purchase a 51% ownership interest in a new company that will own certain assets formerly held by Armstrong Energy. The secured noteholders of Armstrong Energy will hold a 49% ownership interest in the new company.

“We are pleased that we were able to reach an agreement with Armstrong Energy and its secured noteholders in order to ensure that these mines continue to operate after the bankruptcy process,” said Robert E. Murray, chairman, president and CEO of Murray Energy. “After this transaction is completed, Murray Kentucky and the lenders of Armstrong Energy will jointly own five mines that are strategically important in the Illinois Basin. These operations will complement our existing mines in the Illinois Basin.”
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