Latest Coal Stories
PINGDINGSHAN, China, May 14, 2013 /PRNewswire-FirstCall/ -- SinoCoking Coal and Coke Chemical Industries, Inc. (Nasdaq: SCOK) (the "Company" or "SinoCoking"), a vertically-integrated coal and coke processor, announced today its financial results for the fiscal 2013 third quarter ended March 31, 2013. Fiscal 2013 Third Quarter vs. Fiscal 2012 Third Quarter Total revenue was $13.9 million, as compared to $16.8 million. Gross margin was 15.0%, as compared to 15.7%. Net income,...
RICHMOND, Va., May 13, 2013 /PRNewswire/ -- James River Coal Company (NASDAQ: JRCC), today announced the preliminary results of their proxy vote provided by the Company's transfer agent. On Proposal 1, preliminary results indicate that Peter T. Socha and Leonard J. Kujawa have been elected as directors of the Company. On Proposal 2, the potential stock issuance, preliminary results indicate it received a majority of the shares voted. On Proposal 3, executive compensation,...
HOUSTON, May 13, 2013 /PRNewswire/ -- Far East Energy Corporation (OTCBB:FEEC) announced today that Jennifer D. Whitley has been appointed as Chief Financial Officer to succeed Bruce N. Huff. On May 7, 2013, Mr. Huff notified the Company that he was resigning as the Company's Chief Financial Officer for medical reasons. "It is with sadness that we announce Bruce Huff's resignation and retirement," said Michael R. McElwrath, CEO and President of Far East Energy. Continuing,...
New Century Coal has secured an option on 2000 acres in Knox and Bell Counties in Kentucky. Johnson City, TN (PRWEB) May 10, 2013 New Century Coal has secured an option on 2000 acres in Knox and Bell Counties in Kentucky. Over the next 90 days, New Century Coal will be evaluating the projected 5 Million tons through the drilling of core and channel samples. If the expected tonnage is confirmed, New Century Coal will be launched to the forefront of the Blue Gem coal reserves in North...
HOUSTON, May 10, 2013 /PRNewswire/ -- Far East Energy Corporation (OTCBB:FEEC) today announced that appraisal well SYS03 has reached total depth; preliminary gas content has been determined for the SYE06 appraisal well; and, the 108D, an additional production well has spudded, bringing to 14 the number of wells spudded thus far in 2013. The focus for the company remains the drilling and well-fracing program that management detailed in its conference call held April 18, 2013, and...
TORONTO, May 8, 2013 /PRNewswire/ - Pacific Coal Resources Ltd. (TSXV: PAK) is pleased to announce a proposed private placement of units, each unit consisting of one common share of Pacific Coal and one common share purchase warrant of Pacific Coal at a price of C$1.10 per unit for aggregate proceeds of US$4,000,000. Each warrant entitles the holder to purchase one common share of the Company at an exercise price of C$1.10 for a period of five years from the date of issuance....
ATCO, N.J., May 6, 2013 /PRNewswire/ -- US Fuel Corporation, (OTC: USFF), announced today that Woolpert, Inc. will be the Lead Design Consultant and Design-Build Program Manager to provide the necessary planning, design and preliminary design-build documents in coordination with the coal-to-liquid (CTL) process engineers for the US Fuel CTL plants planned for Muhlenberg County and Perry County, Kentucky. US Fuel focus is engineering a proprietary template for constructing facilities...
- Company cites expected higher fuel costs, increasing electricity demand RICHMOND, Va., May 3, 2013 /PRNewswire/ -- Dominion Virginia Power asked state regulators today to approve the first fuel rate increase in two years as fuel prices and customer demand for electricity are projected to increase by July 2014. If approved by the Virginia State Corporation Commission (SCC), the monthly 1,000 kilowatt-hour bill for the typical Dominion residential customer would increase by...
The Company will develop a drilling plan to complete an NI-43-101 Technical Report BARRANQUILLA, Colombia, May 2, 2013 /PRNewswire/ -- New Colombia Resources, Inc. (OTCQB: NEWC) ("New Colombia" or the "Company") confirms SGS Colombia S.A. has begun works to complete a N.I. 43-101 compliant drill program at their wholly owned La Tabaquera coal mine in Guaduas, Colombia. At the conclusion of the program, New Colombia will hire an international drilling company to drill the holes according...
-- First quarter 2013 revenue and adjusted EBITDA of $1.3 billion and $117 million, respectively BRISTOL, Va., May 2, 2013 /PRNewswire/ -- Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal producer, reported a first quarter 2013 net loss of $111 million or $0.50 per diluted share compared with a net loss of $29 million or $0.13 per diluted share in the first quarter of 2012. Excluding the items described in our "Reconciliation of Adjusted Net Loss to Net Loss,"...
Latest Coal Reference Libraries
Coal is a fossil fuel extracted from the ground either by underground mining, open-pit mining or strip mining. It is a readily combustible black or brownish-black sedimentary rock. It is composed primarily of carbon and hydrocarbons, along with assorted other elements, including sulfur. Often associated with the Industrial Revolution, coal remains an enormously important fuel and is the most common source of electricity world-wide. In the United States, for example, the burning of coal...
