CA-Black-Transp

National Coal Breaks the Buck

National Coal Corp., a small Central and Southern Appalachian coal producer, was notified by the Nasdaq Stock Market on January 5, 2010, it was not in compliance with Nasdaq Marketplace Rule 5450(a)(1) because shares of its common stock closed at a per share bid price of less than $1 for 30 consecutive business days. The company has 180 calendar days (or until July 6, 2010) to regain compliance. The company said it would seek to regain compliance within this 180-day cure period. To regain compliance with the minimum bid price rule, the closing bid price of National Coal’s common stock must close at $1 per share or more for a minimum of 10 consecutive business days.

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Fola Receives Favorable Ruling

CONSOL Energy has received notice that Judge Robert C. Chambers, of the U.S. District Court for the Southern District of West Virginia, Huntington Division, has ruled that CONSOL’s Fola Operations near Bickmore, W.Va., can continue to operate past the judge’s previously imposed deadline of January 23, 2010.

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EPA Makes Announcement on Two Proposed Mountaintop Mines

The U.S. Environmental Protection Agency (EPA) announced what it called “a path forward” on permits for two mountaintop coal mining operations in West Virginia during early January. The agency informed the U.S. Army Corps of Engineers that it supports issuing a Clean Water Act (CWA) permit for the Hobet 45 mine in Lincoln County, operated by Hobet Mining. The agency said it made this decision after extensive discussions between the EPA and the company resulted in additional significant protections against environmental impacts.

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Luminant Completes Construction on Oak Grove Unit 1

The first of two 800-megawatt units at Luminant’s new Oak Grove power plant in Robertson County, Texas, is now online, having recently achieved substantial completion. “Achieving this critical step signals the end of construction and the beginning of Luminant’s operation of another significant source of baseload generation for Texas,” said Mike Williams, chief fossil officer. “Our operations team is fully engaged in the day-to-day management of the unit, which will generate needed electricity to help meet our state’s growing power demands.”

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OSM Moves to Tighten Surface-Mine Inspections

The Obama administration announced plans, through the Interior Department’s Office of Surface Mining (OSM), to tighten up on surface-mine inspections and reviews of mining permits issued by state regulators like the West Virginia Department of Environmental Protection (WVDEP).

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