American Resources finds buyer for carbon mining assets

American Resources said its subsidiary American Carbon has entered into a letter of intent to sell its carbon mining assets to an undisclosed strategic party for the total consideration of $280 million.  The sale includes the assets of American Carbon’s McCoy Elkhorn Coal, Perry County Resources and Wyoming County Coal operating subsidiaries including certain debts and environmental reclamation bonds. “As…

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Superior finalizes CEMCO acquisition, gains significant manufacturing capacity

Superior Industries Inc. announced it finalized its intended acquisition of Belen, N.M.-based CEMCO Inc. As part of the sale, Superior attained a 147,500-sq.-ft. manufacturing facility in the heart of the American Southwest. “This acquisition comes at a time when we’re responding to dealers and increasing manufacturing capacity,” said Jason Adams, president of Superior Industries. “The New Mexico facility will be…

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Met coal: A critical piece of our industrial base

The following is an op-ed from National Mining Association (NMA) President Rich Nolan. “Coal” might bring to mind power plants and electricity generation but metallurgical coal, often referred to as met coal, has bolstered our nation’s infrastructure and economic strength for decades and is helping build the cities and infrastructure of tomorrow.

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Pumpkin Hollow ore processing goal achieved

With the first stope backfilled and its paste plant commissioned, Nevada Copper’s Pumpkin Hollow underground mine is in perfect step and has achieved the first ore feed to the complex’s mill. The producer said October 3 that processing operations have now recommenced at an initial feed rate to the mills of 3,000 tons per day (t/d), which now permits its…

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Fortune Minerals, Rio Tinto to test critical mineral recovery

Fortune Minerals and Rio Tinto have signed a memorandum of understanding to develop technology that will improve recovery of cobalt and bismuth from Rio Tinto’s co-product streams to expand production of critical minerals.  The companies said testing will take place at Rio Tinto Kennecott’s integrated copper mining and smelting operations in Utah and at Fortune’s planned Alberta Refinery in Canada.…

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