The president and chief operating officer of Arch Coal Inc. exercised options for and then sold 20,000 shares of common stock, according to a Securities and Exchange Commission filing Wednesday.
In a Form 4 filing with the SEC, John W. Eaves reported he exercised the options for $5.34 apiece, and sold the shares for $62.16 apiece [...]
Sabah’s controversial coal-fired power plant project is back on track but will be moved to a more “suitable” location in the east coast.
The state government, which scrapped the RM1.3bil coal plant project targeted for Lahad Datu for environmental reasons, has agreed in principle that the 300MW plant be relocated, Energy, Water and Communications Minister Datuk [...]
Blue Energy announced that following positive results at Azure #1 it will continue its exploration drilling program in ATP 817P located approx 55km north west of Injune QLD. Following cased hole geophysical logging operations at Azure #1, the Company has confirmed 4.9m of continuous coal pay thickness previously estimated from geological reports during drilling of [...]
The U.S. Energy Department laid out plans to spend up to $1.3 billion on multiple “clean” coal-fired plants designed to capture carbon emissions and store them underground. The unveiling of the project kick-starts two weeks of public comment on the proposal.
The new proposal comes after the Energy Department killed an earlier plan that would have [...]
Alpha Natural Resources shares rallied after the mine operator said its first-quarter profit more than tripled on surging coal prices.
The Abingdon, Va.-based company earned $25.5 million, or 39 cents per share, compared with $8.3 million, or 13 cents per share, a year earlier. Revenue was up 20 percent to $516.9 million. Analysts polled by Thomson [...]
Four banks are leading a syndicated loan to finance British gas producer BG Group Plc’s $US12.1 billion ($A12.99 billion) bid approach for Australian utility group Origin Energy, banking sources said.
BNP Paribas, HSBC, Royal Bank of Scotland and Santander are leading the jumbo acquisition financing, banking sources said.
The size of the facility has not been revealed [...]
Xstrata has jumped back into the global merger frenzy. It emerged yesterday that the miner is the mystery bidder that forced Macarthur Coal, Australia’s largest independent coal producer, to announce 10 days ago that it had been approached about a possible takeover.
Macarthur and its top two shareholders, who it admitted had also been approached, have [...]
The coal industry is so hungry for workers that at least some coal companies are snatching up coal mining engineering students before they make it through four years of college.
“Our mining engineering technology only has about 10 students in the entire program right now,” Roger Owensby said. “Some students start out in the program, but [...]
