Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific [...]
Patriot Coal Corporation announced that it intends to idle its Jupiter mining complex by the end of 2008. The Jupiter complex produced 1.5 million tons of thermal coal in 2007. The complex currently consists of one underground mine, and previously included the Thunderhill surface mine, which was closed as a result of an October 2007 [...]
The Goldfield Corporation, a leading provider of electrical construction and maintenance services in the southeastern United States and a developer of condominiums on the east coast of Florida, announced that its Board of Directors approved an extension of Goldfield’s stock repurchase plan until September 30, 2009. As of September 15, 2008, the Company has repurchased [...]
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc., today reported that on Aug. 22, 2008, the Federal Trade Commission granted them early termination of the waiting period under the Hart-Scott-Rodino Act for their proposed merger. The merger transaction remains subject to additional approvals, including Cleveland-Cliffs shareholder and Alpha stockholder approvals.
Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is [...]
On Tuesday, July 29, 2008, Patriot Coal Corporation will announce results for the quarter ended June 30, 2008. A conference call with management is scheduled for 9:00 a.m. Central Daylight Time on Tuesday, July 29.
Participants may access the call using the following phone numbers:
U.S. & Canada (800) [...]
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]
New York and 15 other states on Tuesday urged federal regulators to put teeth into a proposed pollution rule aimed at making U.S. electric utilities reduce smog and global warming emissions when they expand or modernize their coal-fired power plants.
“Pollution from coal-burning power plants and other facilities cause real problems throughout the United States [...]
Environmentalists had hoped that if a new coal-fired power plant like the one proposed near Waterloo had to be built in Iowa it would at least be required to get some of its energy from renewable sources.
But an Iowa House committee has scrapped the idea after concerns about the cost to the industry.
A measure killed [...]
National Coal Corp. announced that it has signed definitive subscription agreements to sell three million shares of its common stock at the February 28, 2007 closing consolidated bid price of $4.65 per share. Daniel Roling, President and CEO of National Coal, has agreed to purchase 200,000 shares, and two institutional investors have agreed to purchase [...]
Standard & Poor’s affirmed Wednesday that carbon dioxide emissions caps now being considered by the U.S. Congress could make domestic coal plants more expensive to build and operate.
Although coal prices have dropped significantly since early 2006, S&P’s analysis suggests that “we see moderation, not disaster in coal prices going forward.†Primary Credit Analysts Thomas Watters [...]
