GLG News by Mining Equipment Experts

    The article discusses the move in the railroad equities, Prudential’s initiation of coverage of the sector, and the lucrative nature of transporting coal     Another point for consideration is the CSX announced on March 1 that the tariff rate for coal...

This mega deal effectively kills eight to be built coal fired power plants.  While the "greens" will cheer, key points in the plan are missing, just as they are with almost all other plans associated with shutting or not building new coal fired generation--where is the required electricity going...

    News announcements are that Kohlberg Kravis Roberts (KKR) and Texas Pacific Group (TPG) will concede to scale back TXU’s ambitious new coal plant building from the planned 11 coal units to 3 coal units in order to placate environmental and legislative groups. (One coal plant...

    There have been many anecdotal stories of delays in scrubber retrofits. TVA at its Colbert Unit in Tuscumbia, Alabama is a recent addition to this list. The analysis section attempts to quantify the reasons for these delays, provide numbers, and the potential consequences of...

    Coal companies such as Peabody, Consol, and Jim Walters have recently agreed to a new five-year contract with the United Mine Workers Association (UMWA). The economics are provided below in order to help in modeling costs and revenues at UMWA-represented coal mines.

    The Air Force’s actual tests of jet fuel from coal-to-liquids and gas-to-liquids in B-52 Bomber appears to be successful. The barrier to large scale commercial application of converting the United States’ vast coal reserves to liquid fuels continues to be the high cost of the...

    The article points out some of the pressures on coal producers. Not mentioned in the article is the new UMWA Contract that was recently approved by Consol, Peabody, and other mining companies that will place additional pressures. The Analysis Section lists the salient points...

    The Surface Transportation Board (STB) decision on January 25 that fuel surcharges in transportation agreements must more accurately reflect the actual cost of the movement and not be a “double-dip” is potentially good news for the beleaguered Powder River Basin (PRB) coal producers....

The Surface Transportation Board (STB) ruled on January 25, 2007 that fuel surcharges in transportation agreements must more nearly reflect the actual cost of the movement and not be a “double-dip”. This decision will impact the Class I Railroads’ coal transportation revenues for those coal transportation...

The article correctly points out that the BNSF has had record earnings for the fourth quarter 2006, and full-year 2006. The BNSF’s coal transportation business out of the Powder River Basin (PRB) of Wyoming and Montana was a major contributor in this solid fourth quarter 2006 and full-year results....