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Canary In A Coal Mine? Undisclosed Stellus Energy Holdings Could Lead Investors Down A Mineshaft

2016-02-24 16:07:55| Telecom - Topix.net

Stellus claims to have no investment concentration in the Energy Sector in its Latest Investor Presentation ==> this claim is highly questionable. Stellus has an outstanding term loan to TX-based Glori Energy.

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Wyoming says its coal mine cleanup policy is flawed

2016-02-17 22:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A program that has allowed U.S. coal companies to forego cleanup insurance on massive western mines is flawed and needs to be fixed, Wyoming officials have told federal regulators. Coal companies must restore the land around spent mines, but roughly $3.6 billion in liabilities could fall to taxpayers under a subsidy called 'self bonding' that allows large coal companies to go without some cleanup insurance, federal officials have warned. Coal operator Alpha Natural Resources Inc left behind...

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Montana coal mine deal includes secret side settlement

2016-01-14 08:46:23| Waste Management - Topix.net

A deal to keep an underground coal mine operating in central Montana includes a secret side settlement between an environmental group and the mine's owner. The Montana Board of Environmental Review on Tuesday approved the agreement between Signal Peak Energy, the Montana Environmental Information Center and the state Department of Environmental Quality.

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U.K.'s last deep coal mine closes

2015-12-19 09:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: Coal once fueled the British Empire, employed armies of men and shook the power of governments. On Friday, workers at Britain's last operating deep coal mine finished their final shift, emerging -- soot-blackened and live on television news channels -- to cheers, applause and tears. Some of the men carried lumps of coal as mementos from the Kellingley Colliery, 200 miles north of London. The last haul of coal from the pit is destined for a mining museum as a once-mighty industry fades into...

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Usibelli mine says it won't export coal for the rest of the year

2015-09-23 07:30:10| Railroads - Topix.net

Exports from Usibelli, the only operating coal mine in Alaska, will come to a halt for the rest of the year as sustained drops in global price and demand force the temporary closure of the coal loading facility in Seward, officials from the mine announced on Tuesday. As exports have slowed in the past year, the number of workers at the facility has dwindled to eight and the company is planning additional layoffs.

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