Category: coal

  • CSX Q4 profits sink on lower coal and fuel revenue, hurricane-related costs

    (Photo: Shutterstock/Wangkun Jia) CSX’s revenues and profits declined in the fourth quarter because growth in cargo and intermodal traffic was not enough to offset sharp declines in coal and fuel revenues. The impact of a pair of hurricanes—both of which affected interconnected traffic to and from Florida, a high for…

  • Santa Train’s 82nd annual visit delivers hope to corner of Kentucky, Virginia, and Tennessee coal country

    Since 1943, residents of Appalachia, Kentucky, Virginia and Tennessee have looked forward to Santa’s arrival. Not in a sleigh on their rooftops, but on a train. The Santa Train celebrates its 82nd run this year, bringing gifts and cheer to small towns along a 110-mile segment of CSX rail line…

  • Santa Train’s 82nd annual visit delivers hope to corner of Kentucky, Virginia, and Tennessee coal country

    Since 1943, residents of Appalachia, Kentucky, Virginia and Tennessee have looked forward to Santa’s arrival. Not in a sleigh on their rooftops, but on a train. The Santa Train celebrates its 82nd run this year, bringing gifts and cheer to small towns along a 110-mile segment of CSX rail line…

  • Climate Skeptics Urge Trump to Boost Coal, Gut Science in Agencies

    Breadcrumb links BMN Business Activists who downplay climate change have offered a wish list for Trump’s transition team, with one describing his win as a “tremendous opportunity” to reverse US policy. Article writer: Posted on November 12, 2024 • 3 minute read You can save this article by registering for…

  • Glencore to keep coal assets and stick with London listing By Reuters

    By Felix Ngeni and Pratima Desai JOHANNESBURG/LONDON (Reuters) – Glencore will retain its coal business after securing support from a majority of its investors who see lucrative returns from the fossil fuel, its chief executive said on Wednesday, adding that the company could acquire more coal assets to make steel.…

  • Glencore to keep coal assets and stick with London listing By Reuters

    By Felix Ngeni and Pratima Desai JOHANNESBURG/LONDON (Reuters) – Glencore will retain its coal business after securing support from a majority of its investors who see lucrative returns from the fossil fuel, its chief executive said on Wednesday, adding that the company could acquire more coal assets to make steel.…

  • South Africa Seeks to Renegotiate Coal Pact Tied to $2.6 Billion

    Breadcrumbs Path Links PMN Business South Africa is seeking to amend the terms of a landmark deal under which it pledged to reduce its reliance on coal in exchange for funding. Article author: Bloomberg News Anthony Sguazin Posted on July 03, 2024 • Read for 3 minutes You can save…

  • Major world economies seeking to stop new private sector coal financing – Reuters

    keni1/iStock via Getty Images Reuters reported this week that some of the world’s major economies want to finalize a plan before this year’s UN COP29 climate summit in November to halt new private sector financing for coal projects. If the draft proposal is approved by The OECD would be the…

  • Biden administration seeks end to federal coal leasing in Powder River Basin

    Slavko Sereda/iStock via Getty Images Benchmark crude oil prices rose on Friday to end the week at their highest levels this month, as economic indicators from China and the United States, the world’s largest oil consumers, raised hopes of rising demand. Oil prices also received support This week after the…

  • Nasdaq-Listed Coal Miner Adds 425 BTC To Balance Sheet

    Nasdaq-Listed Coal Miner Adds 425 BTC To Balance Sheet

    on First quarter earnings call Yesterday, Alliance Resource Partners, a $2.8 billion coal mining company that trades under the ticker ARLP on the Nasdaq, reported that it is mining Bitcoin and currently has 425 Bitcoin on its balance sheet. Nasdaq listed Alliance Resources $ARLPa $2.8 billion coal mining company, mines…

  • Coal Miner Strikes $7 Million Bitcoin Gold With Excess Power

    Coal Miner Strikes $7 Million Bitcoin Gold With Excess Power

    Alliance Resource Partners (ARLP), a publicly traded coal mining company, has successfully entered into a project Bitcoin mining. The pilot project, which began in 2020, generated significant revenue for ARLP by leveraging underutilized electricity at its River View mine. Bitcoin mining success and adaptability ARLP’s strategic foray into cryptocurrency mining…