Patriot Coal Corp. asked the U.S. Bankruptcy Court for the Southern District of New York for a 180-day extension to file its reorganization plan — moving the deadline to May 5, 2013, from Nov. 6 — due to myriad complications incurred since initially filing for Chapter 11.
Australia-listed Exalt Resources Ltd. said it has signed a sales and purchase agreement to acquire 100% of Singapore-incorporated Odni Holdings (Pte.) Ltd. The move would allow Exalt to build a portfolio of substantial and diverse coal assets in Indonesia.
MORGANTOWN — A federal appeals court said Tuesday the state Supreme Court should decide whether Mine Safety and Health Administration inspectors can be held liable for coal miners’ deaths, calling it “a matter of exceptional importance for West Virginia.”
The BHP Billiton Mitsubishi Alliance, or BMA, and coal worker unions agreed to framework July 6 that would end an 18-month dispute and potentially keep fourth-quarter benchmark metallurgical coal prices from soaring.
Standard & Poor's Ratings Services on July 5 lowered its outlook on Walter Energy Inc. to negative from stable, citing continued pressure on metallurgical coal prices due to a slowdown in global steel production.
Cleveland-based Cliffs Natural Resources Inc. said June 15 that it is reducing its full-year 2012 thermal coal sales and production volume expectations to approximately 800,000 tons from 1.1 million tons at its Toney Fork No. 2 surface mine in Logan County, W.Va.
The open-hopper barge fleet, at times booked a year in advance during stronger coal markets, still has capacity in 2012, Ingram Barge Co. Senior Vice President and Chief Commercial Officer Daniel Martin said in an interview June 15.
Alabama-based coal producer Drummond Co. Inc. said a news report that the company might sell a portion of its Colombian operations to Indian conglomerate Aditya Birla Group "has no foundation and is a false report."
A federal judge has lifted a temporary restraining order to allow continued mining operations at the Nellis surface mine in Boone County, W.Va., which is owned by Penn Virginia Resource Partners LP's Loadout LLC unit.
