Adani Greenlights Carmichael Project in Australia

Indian billionaire Gautam Adani gave the green light to the Carmichael mine and rail project, according to the Guardian, but it will still hinge on its Australian arm, Adani Mining, and its ability to fund the project. “The final investment decision marked the official start of one of the largest single infrastructure — and job creating — developments in Australia’s recent history,” Adani said. The company, however, has not secured its bid for a A$900 million loan from the federal government for a railway that would provide service to it and other miners in Queensland’s Galilee Basin.

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NMA Urges Reform of Broken Program for Abandoned Coal Mines

The chief executive of the national trade association representing the U.S. coal industry recently told a congressional panel that the federal program funded by the coal industry to help clean up old abandoned coal mines has been plagued by an inefficient structure and lax management, which has lead to billions of dollars spent for other purposes.

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Union Pacific Plans to Invest $41 Million in its Wyoming Rail Infrastructure

 Union Pacific said it is boosting safety and efficiency with a $41 million infrastructure investment in Wyoming this year. The investment plan funds a range of initiatives: $38 million to maintain railroad track and $2.8 million to maintain bridges in the state. Key projects planned this year include a $10 million investment in the rail line in eastern Goshen and Niobara counties to replace 68,579 concrete railroad ties and install 21,967 tons of rock ballast; and a $7 million investment in the rail line between Wamsutter and Rock Springs to replace 58,382 railroad ties and install 39,375 tons of rock ballast.

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New GE Innovation Center Will Showcase Latest Technologies of Coal-fired Steam Power Plants

 GE Power announced plans to convert its 242-megawatt (MW) coal-fired Birchwood Power facility in King George, Virginia, into a Steam Plant Services Innovation Center. The center, which provides sufficient electricity to power more than 240,000 homes, is to become a showcase for how the latest GE technologies can increase the efficiency and flexibility of coal-fired steam power plants, while also reducing emissions, the company said.

The new showcase will combine GE’s full suite of Digital Power Plant for Steam software solutions and align with GE’s global Powering Efficiency Center of Excellent (COE) initiative. The COE provides customers with total plant solutions to upgrade their existing generation equipment.

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Alpha Natural Resources Pays Off Exit Facility

 Alpha Natural Resources (ANR) announced it has paid off its term loan under the $125 million credit agreement entered into at the time of the company’s emergence from bankruptcy (Exit Facility). The company also has entered into a new $60 million accounts receivable purchase facility with Hitachi Capital America Corp. (HCA) and a new $200 million letter of credit facility with Citibank, N.A.

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