A proposal to ban most mountaintop removal mining and to toughen other environmental standards for the coal industry in Tennessee is running into stiff opposition from state coal producers.
National Coal Corp. President Dan Roling told the state Senate Environment and Conservation Committee last week that passing the measure would have dire effects on the industry [...]
National Coal Corp., which operates coal mines in Tennessee and Kentucky, said Friday it agreed to buy all Mann Steel Products Inc.’s stock for $55 million.
Mann Steel Products, based in Birmingham, Ala., produces steam and industrial coal.
National Coal will add more than 1 million tons of capacity to National Coal’s existing annual production capacity of [...]
Higher costs and a weak pricing environment resulted in widening fourth-quarter losses for National Coal Corp.
The Knoxville-based company on Friday reported that net losses more than doubled in the quarter to $7.8 million, on revenues of $21.5 million. In the same period last year, the company had losses of $3.2 million on revenues of $20.2 [...]
The Aluminum Corp. of China said Monday it expects to sign a final agreement on a US$2.2 billion bauxite mine and alumina refinery project in northeastern Australia’s Queensland by the end of March.
The company, the world’s second-biggest aluminum producer after U.S.-based Alcoa Inc., already had acquired “preferred developer” status for the Aurukun bauxite deposit.
Plans call [...]
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 [...]
National Coal Corp. said Monday that it has canceled plans to acquire an unidentified West Virginia surface mine because it and the seller could not agree on the assets’ value.
National Coal, based in Knoxville, Tenn., had announced the deal in November. At the time, the company said it planned to buy the mine for about [...]
National Coal Corp. said Monday that it has canceled plans to acquire an unidentified West Virginia surface mine because it and the seller could not agree on the assets’ value.
National Coal, based in Knoxville, Tenn., had announced the deal in November. At the time, the company said it planned to buy the mine for about [...]
National Coal Corp. said Monday it agreed to buy a West Virginia surface mine for about $60 million plus debt in a move that would “significantly increase” the company’s production and expand its operations eastward.
National Coal said the properties include 18 million tons of reserves on about 4,000 acres. The operations include a coal load-out [...]
Central Appalachian coal producer National Coal Corp. received a credit facility with Guggenheim Corporate Funding LLC that provides borrowings of up to $10 million.
On Thursday, National Coal borrowed an initial $5 million to pay costs of the transaction and to fund general operating and working capital needs. National Coal may borrow the remaining $5 million [...]
State environmental regulators have made first use of broader powers, ordering National Coal Corp. to halt some of its mining on Zeb Mountain.
The Environment and Conservation Department also ordered the company to pay $173,000 in fines for mining through two streams without first getting water quality permits.
A recent change in state law gives regulators authority [...]
