News archive for January, 2007

Environmental Group Delivers Lumps of Coal to Merrill Lynch to Protest Texas Power Plant Project

January 31st, 2007
Environmental Group Delivers Lumps of Coal to Merrill Lynch to Protest Texas Power Plant Project

That’s what environmental protesters dressed in business suits and stovepipe hats delivered to the Wall Street investment bank on Tuesday.
“Billionaires for Coal” and members of the nonprofit Rainforest Action Network staged the stunt to protest the bank’s role in financing Dallas-based utility company TXU’s plan to build 11 new coal power plants across Texas in [...]

S.W. coal-fired plants raise cloud of dismay

January 31st, 2007
S.W. coal-fired plants raise cloud of dismay

Greenhouse-gas emissions from 14 coal-fired power plants planned for the Southwest could undercut action to curb global warming, a new study says.
The study, by Environmental Defense and Boulder-based Western Resource Advocates, estimates that the plants will release each year a total of more than 70 million tons of carbon dioxide, a heat-trapping gas linked to [...]

South Africa: Gvm Should Know Feasibility of Holfontein Coal Mining in Weeks

January 31st, 2007
South Africa: Gvm Should Know Feasibility of Holfontein Coal Mining in Weeks

BASE metals and coal company GVM Metals, which took a secondary listing on the JSE late last year, hoped to complete its bankable feasibility study on the Holfontein coal project before the end of March, it said yesterday.
The group recently raised its stake to 100% of the project through the purchase of the shares held [...]

Capito, Rahall back coal-to-liquid loans

January 31st, 2007
Capito, Rahall back coal-to-liquid loans

Rep. Shelley Moore Capito, R-W.Va., and Rep. Nick Jo Rahall, D-W.Va., are among the sponsors of a bill that would promote the construction of factories that would turn coal into liquid fuels.
Capito said in a prepared statement, “As our country looks to wean ourselves from our dangerous addiction to foreign oil, it only makes sense [...]

Meeting to discuss FutureGen coal plant

January 31st, 2007
Meeting to discuss FutureGen coal plant

A public meeting is scheduled for 6:30 p.m. Thursday at the Buffalo Civic Center to update residents on a proposal for FutureGen’s near-zero-emissions coal plant.
Area leaders have formed the Heart of Brazos Partnership and are proposing that the plant be built on 400 acres near Jewett in Leon County. The site is one of four [...]

Rising China spot price to boost coal firms - UBS

January 31st, 2007
Rising China spot price to boost coal firms - UBS

Listed Chinese coal companies are expected to outperform the broader market as China’s continued demand lifts spot prices in 2007, UBS metals and mining analyst Ghee Peh, said on Wednesday.
The average spot price of coal in China, the world’s largest producer and consumer of the fuel, is likely to rise 5 percent in 2007 compared [...]

Coal plant plans sparking concerns

January 31st, 2007
Coal plant plans sparking concerns

Environmental groups warned Tuesday that plans for more coal-fired power plants in the Southwest will worsen the threat of global warming and undermine the states’ conservation efforts.
A report by Environmental Defense and Colorado-based Western Resource Advocates says the greenhouse gas emissions from the roughly dozen coal-fired plants planned or recently built will be the equivalent [...]

Coal industry urged to meet tougher environmental standards

January 31st, 2007
Coal industry urged to meet tougher environmental standards

The world’s coal industry needs to sharpen up its act in order to meet tougher environmental standards amid increasing global concern over rising greenhouse gas emissions, experts said.
The call at an industry conference in Singapore came as top experts under the UN Intergovernmental Panel on Climate Change (IPCC) gathered in Paris to carry out a [...]

Hecla Opens Vancouver Office and Appoints Two Vice Presidents

January 30th, 2007
Hecla Opens Vancouver Office and Appoints Two Vice Presidents

Hecla Mining Company is pleased to announce the opening of an additional corporate office in Vancouver, British Columbia, scheduled for February 5, 2007.
Hecla’s President and Chief Executive Officer, Phillips S. Baker, Jr., said, “Vancouver is widely recognized as a major mining center, and certainly a hub of exploration activity. Our strategy is to be a [...]

Marathon Oil boosts repurchase program

January 30th, 2007
Marathon Oil boosts repurchase program

Marathon Oil Corp. on Monday said it intends to increase its stock buyback program by $500 million.
The Houston-based oil producer and refiner has repurchased about 21 million shares for $1.7 billion under a $2 billion buyback program begun in January last year.
The additional repurchases would allow the company to acquire about 1.6 percent of its [...]