CA-Black-Transp

Contura Withdraws IPO

Contura Energy has withdrawn the initial public offering (IPO) of its shares of common stock due to capital market conditions. The company’s principal selling stockholders unanimously determined that proceeding with the offering under current market conditions would undervalue the company. 

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Cloud Peak Hosts EPA Administrator Pruitt

Environmental Protection Agency (EPA) Administrator Scott Pruitt visited the Cloud Peak Energy’s headquarters in Broomfield, Colorado, to discuss the agency’s priorities and steps taken during the first six months of the administration and also to hear how the end of the former President Barack Obama administration’s “war on coal” has positively impacted coal jobs and the outlook for the industry. 

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CPSA Launches CoalProTec

The Coal Preparation Society of America (CPSA) plans to host its first conference, Coal Processing Technology (CoalProTec), during April 23-25, 2018, in Lexington, Kentucky. The association has taken the action to fill a continuing education void created by Penton, when it decided to discontinue Coal Prep. For those involved in coal processing, 2017 was the first year in more than 30 years without a Coal Preparation Conference & Exhibition, more widely known as the Coal Prep show. Penton canceled the 2017 event, compounding the negative impact of the unwise decision to move the event to Louisville from Lexington in 2016.

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Chinese Coal and Power Giants to Merge

China’s largest coal company plans to merge with a power giant to boost the nation’s thermal power reform, according to the Shanghai Daily. China Guodian Corp., one of the nation’s five largest power groups, said its merger plan with China Shenhua Energy Co. has been proposed to the state council, or cabinet.

Such a plan would create China’s largest power company, which would be called the State Power Investment Corp. The new group will have a generation capacity totaling 226 gigawatts, with assets exceeding 1.8 trillion yuan ($121 billion).

http://www.shanghaidaily.com/business/energy/Coal-and-power-giants-merge-to-boost-reform/shdaily.shtml

MSHA: No Mines Eligible for POV Notice

For the third straight year, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) announced that none of the nation’s more than 13,000 mining operations meet the criteria for a Pattern of Violations (POV) notice. The screening period started on July 1, 2016, and ended on June 30, 2017.

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