Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine.
Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the [...]

Northern Border Pipeline Company, along with its owners, TC Pipelines, LP and ONEOK Partners, L.P., announced the sale of its wholly owned subsidiary, Bison Pipeline LLC, to TransCanada Pipeline USA Ltd..
The assets of Bison Pipeline LLC include executed precedent agreements, as well as regulatory, environmental and engineering activities completed to date on the Bison Pipeline [...]

To meet increasingly strong global demand for quenched and tempered (Q&T) steels, SSAB today announced a SEK 5.3 billion investment program to further develop the company’s production base in Sweden and the United States. The investments will result in a major increase of the volume of Q&T steels.
“This shows that we have a firm belief [...]

Canadian Pacific Railway Ltd. (TSX:CP) is expanding in the U.S. Midwest by paying at least US$1.48 billion for the Dakota, Minnesota & Eastern Railroad Corp., a move that will help CP Rail extend its coal and agriculture business.
“It complements what we do and creates a new footprint for growth,” chief executive officer Fred Green told [...]

A proposed coal-fired power plant for the east side of Waterloo continues to move forward.
Thursday LS Power submitted a draft air quality permit with the Iowa Department of Natural Resources.
What that means is an engineer with the DNR will look over the application and make sure LS Power is on the right track. If [...]

Democratic presidential candidate Bill Richardson is laying a plan for a dramatic shift in the way the US uses energy.
The New Mexico governor is proposing to all but end the country’s reliance on oil and reduce greenhouse gas emissions by 80% by 2040.
In a speech in Washington today, Richardson called for a “new American revolution [...]

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 [...]

COUNCIL BLUFFS, Iowa - From the top of a new coal-fired power plant with its 550-foot exhaust stack poking up from the flat western Iowa landscape, MidAmerican Energy Holdings chief executive David L. Sokol peered down at a train looping around a sizable mound of coal.
At this bend in the Missouri River, with Omaha visible [...]

While many local business organizations have voted to support a $1.3 billion coal-fired power plant in northeast Waterloo, one local businessman says he’s withholding his support for the project until traffic and environmental questions are addressed to his satisfaction.
Bob Molinaro, president of Warren Transport Inc. and a member of the Waterloo Industrial Development Association board [...]

Alliant Energy Corp.’s Iowa utility is selling transmission assets for $750 million in cash to fund construction of a coal-fired power plant and an increase in wind power generation in that state.
Interstate Power & Light Co., a utility of Madison-based Alliant Energy, said Friday that Wisconsin Power & Light Co., Alliant’s Madison utility, is also [...]