SEC Files Complaint Against Rio Tinto Over Mozambique Coal Assets

The U.S. Securities and Exchange Commission (SEC) filed a complaint in relation to Rio Tinto’s disclosures and timing of the impairment of Rio Tinto Coal Mozambique (RTCM). The impairment was reflected in Rio Tinto’s 2012 year-end accounts. Rio Tinto said it intends to defend itself against these allegations.

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Battelle, Rare Earth Salts Collaborate on NETL Project

Battelle is teaming up with Rare Earth Salts (RES) on a potentially groundbreaking project for the U.S. Department of Energy’s National Energy Technology Laboratory (NETL). The project, Recovery of High Purity Rare Earth Elements (REEs) from Coal Ash via a Novel Separations Process, will produce valuable Rare Earth Oxides from coal fly ash, converting them into the high purities necessary for a saleable product.

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DOE to Fund $26 Million for Carbon Capture Technologies

The U.S. Department of Energy (DOE) has announced up to $26 million in federally funded financial assistance for cost-shared research and development projects under the Office of Fossil Energy’s (FE) Novel and Enabling Carbon Capture Transformational Technologies funding opportunity announcement. DOE anticipates selecting 14 projects for this funding, which will support demonstrate the potential to provide step-change reductions in both cost and energy penalties associated with implementing carbon capture and enabling technologies for the coal and natural gas power generation sector. The projects will be managed by the National Energy Technology Laboratory (NETL).

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Production Comes to a Halt at Galatia

Murray Energy Corp.’s once-bustling Galatia underground coal mining complex in Saline County, Illinois, is less busy these days after coal production essentially ceased this summer at the New Future mine, coming on the heels of a similar move at its sister New Era operation. State mining records show New Future produced only about 29,000 tons of steam coal in August, with most, if not all, coming from raw, above-ground coal that was run through the Galatia processing plant. According to state mining officials, New Future had 32 full-time employees at the end of August. More recent production and staffing figures were not available by early October.

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McCoy Elkhorn Gains Approval for Extended Cuts

American Resources Corp., through its wholly owned subsidiary Quest Energy and McCoy Elkhorn Coal, has received federal approval from MSHA to take extended cuts on its first super section at McCoy Elkhorn’s Mine No. 15. The approval allows for an increased cut depth from 20 feet to 32 feet within the Glamorgan/Millard coal seam. Production from Mine No. 15 is belted directly into Quest Energy’s McCoy Elkhorn Coal Bevins Branch processing and load-out facilities, enabling cost-effective logistics, processing and blending capabilities, and sold in the High-Vol B metallurgical markets.

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