GLG News by Mining Equipment Experts

Senators Bingaman (D –NM) and Specter (R – PA) introduced the “Low Carbon Economy Act of 2007” on July 11, 2007. It is designed to reduce CO2 emissions. The mechanics of the proposal legislation and the benefit to the coal industry are discussed in the commentary section.

Coal companies’ second quarter earnings will almost all state the high inventory levels at coal plants across the United State as one of the reasons for the lackluster coal demand and price. The commentary section discusses the current coal inventory, the reasons for this coal inventory, and the...

The Surface Transportation Board (STB) has been holding regional meetings to hear from coal shippers, other shippers, and the railroads regarding rates and service on America’s Class I Railroads such as BNSF, Union Pacific, CSX, and Norfolk Southern. These hearings are designed to allow shippers...

The Surface Transportation Board (STB) recently held hearings with railroads and coal shippers regarding the current level of service and rates from the Powder River Basin (PRB) coal mines in Wyoming and Montana. The STB hearing was a forum for coal shippers to vent their frustrations and the railroads...

Why is it necessary to drive up the cost of food in order to produce alternative fuel and electricity? The biotechnology already exists to convert waste to fuel. This is the area we need to concentrate our efforts on by solving two problems with one technology.  We...

    The Surface Transportation Board (STB) is asking for comments on its new definition of a “contract”. This could trigger a benefit to the railroads, such as Union Pacific, BNSF, Norfolk Southern, and CSX).

    The Dakota Minnesota & Eastern (DM&E) was turned down for its application with the Federal Railroad Administration (FRA) for approximately $2.3 billion in Government-backed loan guarantees through the Railroad Rehabilitation & Improvement Financing (RRIF) out of...

    The Energy Information Agency (EIA) has been overstating the coal production cuts in the Central Appalachian region.. Those that have been utilizing the EIA numbers for modeling coal producer sales from the Central Appalachian region or for estimating coal inventories at utilities...

    Massey had a one-two punch of news. The first, which is the linked resignation letter, was the abrupt departure of two Board Members from Third Point Capital. The second was the Federal District Court of Southern West Virginia’s ruling on June 13, 2007 rejecting the practice...

    As the article points out, Massey Energy was hit with an EPA lawsuit for approximately $1.7 billion alleging violation of the Clean Water Act. The EPA issued the suit based on Massey exceeding the average monthly or daily permit limit between January 2000 and March 2006.     The...