CA-Black-Transp

MEC, Bowie Partner to Create Canyon Consolidated Resources

Murray Energy Corp. (MEC), Bowie Resource Partners, Javelin Global Commodities, and Grupo CLISA have agreed to form a strategic partnership called Canyon Consolidated Resources (CCR), which will produce approximately 13 million tons per year (tpy) and own 214.8 million tons of coal reserves.

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Battelle Completes Mountaineer CCS Project

One of the first tests for geologic storage of carbon dioxide (CO2) at a commercial, coal-fired power plant has concluded, more than 15 years after it began, completing a journey from an initial exploratory well to successful operations and site closure.

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Alpha Completes Transfer of Idle Assets to Lexington Coal

Alpha Natural Resources (ANR) has closed the deal with Lexington Coal Co. (LCC) to convey real and personal properties located in Kentucky, Tennessee and West Virginia. While transferring mostly idle and non-active assets, substantial reclamation equipment and ongoing royalty payments associated with the properties, the conveyance also eliminates self-bonding in West Virginia nine years early.

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Signal Peak Appeals Judge’s Order for Bull Mountain

On October 5, Signal Peak, which operates Bull Mountain mine in Montana, appealed a federal judge’s ruling that put expansion plans for the mine on hold. The company said this ruling will result in the company being forced to lay off 30 employees at the mine at the end of October.

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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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