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Teck Updates Coking Coal Guidance

Teck Resources expects coking coal sales volumes for the second quarter of 2017 to be at least 6.8 million metric ton (mt), and mining costs in the second quarter are expected to be in the range of $47/mt to $51/mt. For the first quarter, Tech realized an average price between $209/mt to $212/mt, at the higher end of its previous guidance range. Sales volumes in March improved relative to weak sales in January and February, but not sufficiently to result in sales above 5.8 million-6 million mt in the quarter. Final quarterly sales will depend on timing of shipments.

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Trump to Overhaul US Energy Strategy

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President Donald Trump signs an executive order to create energy independence at the Environmental Protection Agency headquarters in Washington, D.C. (Official White House Photo by Jonathan Gallegos)

 

U.S. President Donald Trump signed an executive order on energy independence Tuesday, March 28, that will re-evaluate former President Barack Obama’s Clean Power Plan (CPP) and lift the ban on federal leases for coal production.

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American Resources Begins Development of Carnegie 2 Coal Mine

American Resources Corp., through its wholly owned subsidiary Quest Energy Inc. and McCoy Elkhorn Coal LLC, has commenced development of its permitted Carnegie 2 coal mine within the Alma coal seam, located in Pike County, Kentucky. Carnegie 2, which will be sold in the high vol A/B metallurgical markets, is a green-field operation that will be mined as a room-and-pillar underground operation. Similar to the company’s Carnegie 1 mine in the same coal seam, which recently commenced production, Quest Energy is anticipating a cost structure that is sub-$55 per ton. 

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Predictive Safety Formed From 4 Safety Specialists

The founding members of Predictive Safety SRP Inc. have announced that an official closing has been reached in the joining of their four companies. Mark Savit of Predictive Compliance LLC, Dave Lauriski of Safety Solutions International Inc., and Tim Hobbs of Data Connect Corp., all located in Denver, Colorado, and Henry Bowles of Bowles-Langley Technology in Alameda, California, have now merged to form Predictive Safety SRP Inc., to be managed by CEO Mark Premo, former president and CEO of Chevron Mining. 

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American Resources Commences Production at Carnegie Mine

American Resources Corp., through its wholly owned subsidiary Quest Energy Inc., has commenced production at its Carnegie mine in Pike County, Kentucky. The Carnegie mine will extract coal from the Alma seam, which is ranked as a high-volatile A/B metallurgical coal. 

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