PPI to Acquire Continental Global Material Handling
Coal Age Magazine
by Misty Valverde
6d ago
Precision Pulley & Idler (PPI) announced it has agreed to acquire Continental Global Material Handling from Stellex Capital Management. Continental, based in Winfield, Alabama, has been a leader in bulk material handling for decades. The transaction is expected to close quickly. “Continental has earned its position as one of the most well-respected brands in the industry. We couldn’t be more excited to welcome the Continental management team and employees into our growing company,” said Matt Buckingham, president and CEO of PPI. “We believe the two businesses are stronger together than apa ..read more
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Thero Setiloane
Coal Age Magazine
by Misty Valverde
1w ago
Thero Setiloane passed away on May 1, 2024. He served as an independent non-executive director for South African coal operator Thungela Resources. He was the chairman of the company’s social ethics and transformation committee. He previously held the positions of CEO for Business Leadership South Africa, and executive vice president of business sustainability at AngloGold Ashanti Ltd. Share The post Thero Setiloane appeared first on Coal Age ..read more
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Alpha Metallurgical Resources – Brian Keaton
Coal Age Magazine
by Misty Valverde
1w ago
In related news, Brian Keaton, senior vice president, safety and health, for Alpha Metallurgical Resources, was recently honored as the 2023 West Virginia Coal Safety Leader of the Year by the Joseph A. Holmes Safety Association. Share The post Alpha Metallurgical Resources – Brian Keaton appeared first on Coal Age ..read more
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Alpha Metallurgical Resources – Mark Manno & Jason Whitehead
Coal Age Magazine
by Misty Valverde
1w ago
Jason Whitehead Alpha Metallurgical Resources appointed Mark Manno as executive vice president, general counsel, and secretary. He will oversee the company’s legal, land and safety departments in addition to serving as general counsel and secretary to the board of directors. The company also announced the upcoming departure of Roger Nicholson, the company’s current executive vice president, chief administrative officer, general counsel and secretary. The company’s president and COO, Jason Whitehead, will assume oversight of the environmental department as well as all human resources function ..read more
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EPA’s Regulatory Blitz Collides With Hyperscale Power Demand
Coal Age Magazine
by Misty Valverde
1w ago
By Conor Bernstein Facing surging power demand, AEP — which serves 5 million customers in parts of 11 states — announced it’s likely to sue the U.S. Environmental Protection (EPA) over its blitz of rules targeting coal and natural gas generation. “You never like to have to sue, but we’re going to do what we have to do to defend our grid and our customers that use that grid,” Ben Fowke, American Electric Power (AEP) interim president, CEO and director, said during a recent earnings call. Like so many other utilities across the country, AEP simply doesn’t see a viable path forward to maintaini ..read more
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MTR Awarded DOE Funding for CCS Project
Coal Age Magazine
by Misty Valverde
1w ago
Membrane Technology and Research (MTR) Carbon Capture announced it has been selected to receive $4.6 million in funding from the U.S. Department of Energy’s (DoE) Office of Clean Energy Demonstrations (OCED) to develop a Front-End Engineering Design (FEED) study for an integrated carbon capture and storage (CCS) project at Basin Electric Power Cooperative’s Dry Fork Station, a coal-fired power plant near Gillette, Wyoming. The Wyoming Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Project, led by the University of Wyoming School of Energy Resources (SER), is a strategic partner for ..read more
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Sinkhole Closes Illinois Highway
Coal Age Magazine
by Misty Valverde
1w ago
A sink hole developed near the Deer Run mine in Illinois. (Photo: I-DOT) Illinois Highway 185 southeast of Hillsboro was closed due to the formation of a 50-ft-wide sinkhole near the Deer Run mine, according to WICS Springfield Illinois. The highway connects Hillsboro and Coffeen. Deer Run is a longwall mine operated by Foresight Energy. Share The post Sinkhole Closes Illinois Highway appeared first on Coal Age ..read more
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NACCO: Coal Deliveries to Increase Modestly
Coal Age Magazine
by Misty Valverde
1w ago
NACCO Industries reported a decrease in Q1 2024 revenue for its coal segment primarily due to fewer tons delivered at Mississippi Lignite Mining Co. The power plant served by the mine has been operating with only one of its two boilers since December 2023. Repairs to the affected boiler are expected to be completed during the second half of 2024. The company reported an overall decline in operating results for its coal segments citing lower earnings from its unconsolidated operations, which was primarily attributed to reduced customer requirements at Coteau. In 2024, the NACCO said it expects ..read more
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Alpha Sees Market Softening
Coal Age Magazine
by Misty Valverde
1w ago
Alpha Metallurgical Resources sold 4.4 million tons during Q1 2024 and generated $861 million in revenue, compared to 4.6 million tons and $954 million in revenue during Q4 2023. The net realized pricing for the company’s met segment was $166.68/ton. The cost of coal sales decreased to an average of $115.65/ton in the Q1 2024, compared to $119/ton in the Q4 2023. The company sold 100,000 tons of thermal coal in Q4 2023. Alpha reported net income of $127 million for Q1 2024, compared to net income of $176 million for Q4 2023. “Despite challenges and softening coal market conditions toward the e ..read more
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NMA Coalition Files Motion to Stay the Clean Power Plan 2.0
Coal Age Magazine
by Misty Valverde
2w ago
Partnering with America’s Power, the National Mining Association filed a motion to stay the U.S. Environmental Protection Agency’s (EPA) emissions guidelines under the Clean Air Act for greenhouse gas emissions from existing coal-fired electric generating units (also known as the Clean Power Plan 2.0) while the U.S. Court of Appeals for the District of Columbia Circuit hears the case on the merits. In the motion, the NMA is arguing that the EPA has once again regulated beyond its authority and unlawfully mandated generation shifting in violation of Supreme Court precedent in West Virginia v. E ..read more
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