Archive for July, 2006

Costello is upbeat about coal plant

U.S. Rep. Jerry Costello said Thursday he’s disappointed the two Illinois sites that are finalists for a job-creating coal plant aren’t closer to Belleville, but added that if a Southern Illinois town gets FutureGen, the whole region will benefit.
Mattoon and Tuscola, two towns between U.S. 45 and Interstate 57, were announced Tuesday as two of […]

July 28th, 2006 - Posted in Coal, Mining News

Crystal River coal plant among nation’s dirtiest

For the third year in a row, Progress Energy’s coal-burning plant in Crystal River has been named among the dirtiest power plants in the nation in a report issued Thursday by the nonprofit Environmental Integrity Project in Washington, D.C.
Crystal River, which has four coal units in addition to a nuclear power generator, ranked among the […]

July 28th, 2006 - Posted in Coal, Mining News, Mining Stocks

Coal-burning utilities in donation drive to allay warming theory

Utilities that cause pollution through processes like coal burning are contributing funds to a climate scientist who has been skeptical of the prevailing view that fossil fuel emissions contribute to global warming.
According to information available publicly, at least one utility, the Intermountain Rural Electric Association of Sedalia, Colorado, has contributed $100,000 to Patrick J. Michaels, […]

July 28th, 2006 - Posted in Coal, Mining News

International Coal Group Reports Second Quarter Results

International Coal Group, (Nachrichten) Inc. today reported second quarter 2006 revenues of $223.3 million, a 45% year-over-year increase. Increased revenues primarily resulted from favorable pricing and increased sales tons due to shipments from the former Anker operations acquired on November 18, 2005. EBITDA of $20.3 million was in line with the Company’s previously published second […]

July 28th, 2006 - Posted in Coal, Mining News

Coal-fired station pursued

Coal producer Solid Energy is pushing ahead with investigations into a coal-fired power station on the West Coast despite calls for New Zealand to get rid of them.
Parliamentary Commissioner for the Environment Dr Morgan Williams this week said coal and gas-fired stations should be removed. They could be replaced within 35 years by renewable forms […]

July 28th, 2006 - Posted in Coal, Mining News

Drilling assurances satisfy Nelson

After receiving assurances from Senate leaders that his state’s coastline would be protected, Sen. Bill Nelson of Florida agreed Thursday to support a measure to permit offshore drilling in the eastern Gulf of Mexico.
With his agreement, the Senate is expected to pass a proposal next week that would allow the harvesting of oil and natural […]

July 28th, 2006 - Posted in Mining News

Low gas prices slow drilling activity

Drilling activity in Canada is down for the first time in four years because of low natural gas prices, according to the Petroleum Services Association of Canada.
PSAC yesterday revised its 2006 forecast, dropping it 7.5% from 25,290 to 23,410 wells drilled.
The second quarter showed a 34% drop from the original forecast, released in October, […]

July 28th, 2006 - Posted in Mining News, Mining Stocks, Oil and Gas

Gold coins

Selected gold coin prices Thursday, compared with Wednesday: American Eagle $667.76, up $25.82. Australian Kangaroo $667.76, up $25.82. Austrian Philharmonic $667.76, up $25.82. Maple Leaf $667.76, up $25.82. China Panda 1994 $677.34, up $26.18. Krugerrand $645.00, up $24.70.
Source: Manfra, Tordella & Brookes, Inc.

July 28th, 2006 - Posted in Mining News, Precious metal

Cia. Vale do Rio Doce to Start Iron Ore Mine, BNAmericas Says

Cia. Vale do Rio Doce, the world’s largest iron-ore producer, plans to start operations at its Brucutu mine in Brazil’s Minas Gerais state, BNAmericas said, citing Sergio Leite, the company’s director of ferrous metals.
Vale expects to produce about 7 million metric tons of iron ore from the mine in 2006, BNAmericas said on its Web […]

July 28th, 2006 - Posted in Ethanol, Mining News

Australia’s Centrex Metals signs iron deals with two Chinese steelmakers

ustralia’s Centrex Metals Ltd. last week signed iron ore supply deals with two Chinese steelmakers in return for equity stakes, according to a company statement.
Centrex said in a statement on the Australian Stock Exchange that it signed agreements with Baotou Iron and Steel Group Co. Ltd. and Shenyang Orient Iron […]

July 28th, 2006 - Posted in Ethanol, Mining News