Category: U.S. News

American Resources reported its fourth quarter and full year ended December 31, 2019, financial results. Chairman and CEO Mark Jensen said, “2019 continued to be a transformational year for American Resources. Notwithstanding...

Foresight Energy generated quarterly coal sales revenues of $99.1 million on sales volumes of 3.2 million tons, resulting in net income of $35.7 million and adjusted EBITDA of $12.1 million. Foresight Energy operates three...

Natural Resource Partners L.P. (NRP) has been operating under remote-work protocols since mid-March due to the coronavirus (COVID-19). All of its employees are healthy, and the partnership is conducting business as usual,...

During the first quarter, Arch Resources invested $62.1 million in the continued build-out of Leer South in West Virginia, USA, bringing the capital expended on the project to $165 million since its launch in February 2019. Arch...

On April 11, North American Coal Corp.’s Freedom mine hit a milestone, successfully mining its 500 millionth ton of coal. The Freedom mine near Beulah, North Dakota, is the largest lignite mine in the country and supplies coal...

Buckskin Mining Co. in Wyoming has laid off 60 workers in response to lower production and a deteriorating market for Powder River Basin coal. Workers were notified and were expected to be paid through April 2, as reported by...

Out of an abundance of caution related to COVID-19, Ramaco Resources said it is implementing a two-week operational furlough of the majority of employees at the Elk Creek mining complex in West Virginia. The Elk Creek prep plant...

A Virginia man pleaded guilty to helping defraud more than $10 million from a Montana coal mine, according to The Billings Gazette. James Howard Boothe was involved in a scheme to steal $10 million from Signal Peak Energy LLC by...

Foresight Energy generated fiscal-year coal sales revenues of $834 million on sales volumes of 19.7 million tons, resulting in a net loss of $320 million, and adjusted EBITDA of $185 million. Foresight mines produced nearly 19.9...

American Resources Corp. announced an update on its operations and outlook regarding the global coronavirus (COVID-19) outbreak. It said it currently does not have any cases with any of its employees. It is taking all...

The Virginia House of Delegates and Senate agreed to a final version of the Virginia Clean Economy Act. It will make Virginia’s electric grid carbon-free by 2045 while also incorporating stronger protections for electric utility...

In mid-February, Hartshorne Mining Group LLC and its U.S. affiliates filed for chapter 11 in the U.S. Bankruptcy Court for the Western District of Kentucky. The wholly owned subsidiary of Australia-based Paringa Resources, said...