Although the price of petroleum has moderated recently, a permanent increase to $150 per barrel by the end of 2008 could have a significant negative effect on the rate of real gross domestic product (GDP), at least in the short run, based on an analysis from the Federal Reserve Bank of St. Louis.
Kevin L. Kliesen, [...]
Arch Coal’s Thunder Basin Coal Company achieved a first place finish in the 28th Annual International Surface Mine Rescue Competition held in Campbell County, Wyo., on August 21-23. A total of 12 teams from the United States and Canada participated in the three-day event hosted by the Powder River Basin Safety Association and the Campbell [...]
G & S Minerals, Inc. dba Gold & Silver Minerals, a mining company focused on developing high-quality and low-risk mineral resource and energy prospects, today announced that the Company has completed its audited financial statements for the years ended December 31, 2007 and 2006 and completed its unaudited interim financial statements for the three- and [...]
North American Galvanizing & Coatings, Inc. announced record earnings for the first six months and the second quarter of 2008. The second quarter of 2008 is the Company’s tenth consecutive quarter of record earnings.
Consolidated net earnings for the 2008 second quarter were $3.4 million ($.27 per share), compared with $2.2 million ($.17 per share) in [...]
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 [...]
The president and chief executive of coal producer Patriot Coal Corp. bought 10,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.
In a Form 4 filed with the SEC, Richard M. Whiting reported he bought the shares Thursday for 65.88 to $66.53 apiece. He reported purchasing the shares indirectly through a [...]
A recent surge in steel prices continued Wednesday with ArcelorMittal saying it will increase prices by $250 a ton on some steel shipments — a move that will benefit steel companies such as U.S. Steel Corp., analysts said.
Strong global demand has increased prices for hot-rolled coiled steel from $529 a ton in October to $845 [...]
Lobbyists have reported spending more than $789,000 during the ongoing debate over two proposed coal-fired power plants in southwest Kansas, most of it on efforts to sway public opinion.
Opponents of the plants initially reported putting far more money into their public relations campaign. But since the year began, supporters have reported six times as much [...]
Peabody Energy Corp. has pledged nearly one million tons of coal a year and up to $10 million in development funds to an Illinois plant planners say would become the nation’s first to commercially turn coal into liquid fuels for tomorrow’s big-rig trucks, buses, barges or jets.
St. Louis-based Peabody, as part of the deal announced [...]
Copper rose in London on speculation that a slumping dollar will encourage buyers holding other currencies to purchase the metal. Lead and nickel advanced.
The U.S. currency dropped to an all-time low against the euro after a government report showed that the U.S. economy grew last quarter at the slowest pace in four years. A change [...]
