Alliance Coal, a subsidiary of Tulsa-based Alliance Resource Partners, held a groundbreaking ceremony on July 6 for its newest underground mine in Henderson, Ky. Construction of the $35 million operation is scheduled to be completed by the end of 2024. The mine will be operated by River View Coal, a wholly owned subsidiary of Alliance Coal. The coal from the…
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Teck selling Quintette operation
Just days before Christmas, Teck Resources reportedly inked a deal with Conuma Resources to sell its closed Quintette coal mine in northeastern British Columbia, Canada for C$120 million. According to Canadian Press, the cash transaction also includes an ongoing 25% net profit interest royalty that will be payable once the buyer’s investment in the mine has been recovered. Conuma, a…
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