Dynegy, AEP Complete Ohio Transactions

 Dynegy sold its 40% ownership interest in the Conesville power plant, representing 312 megawatts (MW), to American Electric Power (AEP) and acquired AEP’s 25.4% ownership interest (or 330 MW) in the Zimmer power plant. No cash was exchanged, no additional debt incurred and AEP returned $58 million in letters of credit previously posted by Dynegy to AEP. As a result, Dynegy owns 71.9% (971 MW) and operates Zimmer. Dynegy no longer has ownership interest in the AEP-operated Conesville.


Anglo to Sell Its Interest in Drayton in Australia


Anglo American confirmed that it has entered into an agreement with Malabar Coal Ltd. to sell its 88.17% interest in the Drayton thermal coal mine and Drayton South project, located in New South Wales, Australia.

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Death Toll Rises for Iranian Coal Mine Explosion

 At least 35 coal miners perished and many others were injured in a coal mine explosion in the northeastern Iranian province of Golestan, according to Aljazeera. The blast occurred in the Zemestanyurt mine, about 14 km from Azadshahr. All trapped miners lost their lives, Minister of Cooperatives, Labor and Social Welfare Ali Rabiei told the press. At one point, more than 40 miners had been trapped and six of them were rescued with injuries. Rescue operations continue. Photos from the scene show a drift mine and local reporters say rescuers have advance halfway down the 2-km long main entry. Iran mines a small amount of coal (less than 2 million tons). Most of it is coking coal which is consumed domestically for steel production.


Foresight Asks to Re-enter Deer Run Longwall Mine


More than a year after its Deer Run longwall mine in southern Illinois was temporarily sealed to put out a stubborn underground fire or hotspot, Foresight Energy LP may have plans to reopen the mine later this year. In April, the St. Louis-based company formally asked the federal Mine Safety and Health Administration for authorization to re-enter the mine near Hillsboro in Montgomery County to check on its status, an MSHA spokeswoman said. As of early May, there was no indication the federal agency had given its okay.

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ABB, IBM Partner for AI Solution in Plants

ABB reportedly partnered with IBM to bring together ABB’s industry leading digital offering, ABB Ability, and IBM Watson’s Internet of Things (IoT) cognitive capabilities.

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