GLG News by Mining Equipment Experts

Coal from the coal fields in the Powder River Basin of Wyoming have to compete on a delivered-, emissions-adjusted basis to coal’s in the other producing regions, such as the Central Appalachian Basin. The recent increase in Eastern coal prices and SO2 emissions allowances now allow the Powder River...

FreightCar America Senior Vice President of Sales and Marketing exercised 32,980 shares of company stock at $19 each on May 3 and sold the shares for $46.88 each on May 4. According to SEC Form 4, he beneficially owns 7,000 shares after this transaction. It may be that FreightCar America Management...

The article in The Wall Street Journal describes potential Legislation to require the use of compact fluorescent bulbs (CFL) and other energy-saving lights to decrease the emissions of carbon dioxide (CO2) from coal-fired power plants. The Analysis Section below has some additional math and discussion...

    Evergreen Energy (formerly KFx) continues to disappoint investors with the lack of significant progress on placing its beneficiated coal to customers.     The commentary section below provides a quick primer on Evergreen Energy’s beneficiated coal and the...

    Consol Energy and Pittsburgh & Midway, a Chevron Company, announced a joint venture to develop a new mine in the Powder River Basin (PRB) of Wyoming called the Youngs Creek Mine. The coal property is north of Sheridan, Wyoming.     The potential development...

    Background:     United States District Court for the Southern District of West Virginia Judge Chambers issued a ruling that valley fill permits granted by the U.S. Army Corps of Engineers must be rescinded and remanded back to the Corps for further reconsideration....

    As the article points out, the U.S. Supreme Court ruled in a 5-4 decision that the Environmental Protection Agency (EPA) may regulate carbon dioxide (CO2) emissions. The analysis section below discusses how the EPA or a law enacted by Congress and signed by the President could...

    The Surface Transportation Board (STB) decided on January 25, 2007 that fuel surcharges in rail transportation agreements must more accurately reflect the actual cost of the movement and not be a “double dip” by including fuel-related costs also in indices utilized to adjust...

    The article references the March 2007 release of the report, “The Future of Coal in a Carbon Constrained World”, by a team of professors at Massachusetts Institute of Technology. The report, among other things, computes the utilization of coal in a carbon constrained world. The...

    The article reports on the cost of Duke Power’s proposed Cliffside Coal Plant in North Carolina. The increasing costs, and the reasons, for coal power plants are discussed in the analysis section.