Coal producer Peabody has signed a contract to provide 7-8 million tons of coal per year to Associated Electric Cooperative Inc. for at least the next seven years. Under this new contract, Peabody will supply Associated’s coal requirements for the New Madrid Power Plant and Thomas Hill Energy Center in Missouri from the North Antelope Rochelle Mine (NARM), located in…
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Alliance Coal breaks ground on new Kentucky mine
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…
Read MoreTeck 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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