GLG News by Mining Equipment Experts

    There have been several published reports of coal plant cancellations due to lack of the perceived need by regulators, differences in cost recovery in rates to consumers, the belief surrounding CO2 emissions or other reasons, Cancellation of the coal plant projects does not...

    As a quick background, a “paper barrier” is a provision contained in an agreement when a Class I Railroad sells a line segment to a Class III Railroad preventing or limiting the acquiring Class III Railroad from interchanging traffic with a connecting railroad other than the...

    Coal prices delivered into Europe are currently above $100/tonne (metric ton) as measured by the API 2 Index. This is up approximately 50% from prices being quoted for this same period at the beginning of 2007.     The commentary that follows evaluates the...

    Current delivered coal prices into Europe have crossed over the $100/tonne (metric ton) threshold as measured by the API 2 Index into Northern Europe. That is up ~50% from prices for this period quoted at the beginning of 2007.     The commentary discusses...

    The upgrade by Stifel Nicolaus & Co. of Massey Energy is representative of the bullishness in the U.S. coal sector. The commentary section discusses the positives in the coal sector.

Consol Energy’s acquisition of Tri-River Fleeting Harbor Services and Ti-River Marine towboat fleet continues its shrewd investment of Ohio River and Monongahela River assets. This follows Consol Energy’s 2006 acquisition of the Guttman Group Mon River and J.A.R. towboat and barge assets.

This is a significant development in The Netherlands which will more than double our local affiliated company’s production within two years. It demonstrates Chevron’s commitment to continued investment in its European crude oil and natural gas portfolio. Chevron has been able to expedite development...

Coal is the backbone of American Energy. However, due to the abundance and ease of use, alternative and more efficient uses of coal have not been commercially exploited to extract the full potential of coal. Any resurgence of coal has a direct effect on the U.S. economy in the increased demand for new...

    As the article points out China’s demand for coal has impacted the global coal situation. This and other issues discussed below are bullish for US coal producers.

Opec is basically holding the world and especially the US hostage.  We need to become completely independent of foreign oil and start now.  We also need to get all of our electricity from alternative energy sources saving the fossil fuel for 'back up'.  We will see $100/barrel price...