James River Coal Company (JRCCQ) 0.0760 $JRCCQ
James River Coal Company accepts bid for Hampden, Hazard and Triad Mining Complex assets
PR Newswire - Thu Aug 21, 12:04PM CDT
James River Coal Company announced that it has accepted, subject to Bankruptcy Court approval, a committed and binding bid from JR Acquisition, LLC, a wholly owned subsidiary of Blackhawk Mining, LLC, to purchase the Hampden Mining Complex (including the assets of Logan & Kanawha Coal Company, LLC), the Hazard Mining Complex (other than the assets of Laurel Mountain Resources LLC) and the Triad Mining Complex for $52,000,000 plus the assumption of certain environmental and other liabilities. Together these complexes employ over 900 employees of James River Coal Company.
Proposed EPA Emissions Guidelines Choke Coal Companies, Breath Air into CHP Industry
ACCESSWIRE - Thu Jul 24, 8:50AM CDT
Whitefish, MT / July 24, 2014 / On June 2, the Environmental Protection Agency released a much-anticipated proposal representing the most aggressive steps to slow global warming to date by the U.S. government. In the proposal, the EPA seeks to slash U.S. carbon dioxide emissions by 30 percent by 2030 from 2005 levels. Although the pro-coal community has been firing back, calling the proposal too idealistic, a shot at the America's middle class and more, the EPA has gone to virtually unprecedented lengths to make the new policy as accommodative as possible to states. With that in mind, it seems pretty clear that the new regulations are coming, like it or not. The stricter emission standards are going to continue to weigh on companies such as Walter Energy (NYSE: WLT), Peabody Energy (NYSE: BTU) and more of their coal brethren, but the bleeding may get worse before it gets better, considering actions such as Stanford University divesting its $18.7 billion endowment of stock in coal mining companies in May. Part of Stanford's decision to become the first major university to walk away from its investment in coal was predicated on internal guidelines of trustees to make decisions on investments based upon social responsibility. As funds exit "dirty" energy, it seems plausible that increased investments will start to make their way towards more efficient energy, including natural gas and related products, such as the combined heat and power offerings of American DG Energy, Inc. (NYSE MKT: ADGE).
James River Coal Company accepts bid for Hampden, Hazard and Triad Mining Complex assets
PR Newswire - Thu Aug 21, 12:04PM CDT
James River Coal Company announced that it has accepted, subject to Bankruptcy Court approval, a committed and binding bid from JR Acquisition, LLC, a wholly owned subsidiary of Blackhawk Mining, LLC, to purchase the Hampden Mining Complex (including the assets of Logan & Kanawha Coal Company, LLC), the Hazard Mining Complex (other than the assets of Laurel Mountain Resources LLC) and the Triad Mining Complex for $52,000,000 plus the assumption of certain environmental and other liabilities. Together these complexes employ over 900 employees of James River Coal Company.
Proposed EPA Emissions Guidelines Choke Coal Companies, Breath Air into CHP Industry
ACCESSWIRE - Thu Jul 24, 8:50AM CDT
Whitefish, MT / July 24, 2014 / On June 2, the Environmental Protection Agency released a much-anticipated proposal representing the most aggressive steps to slow global warming to date by the U.S. government. In the proposal, the EPA seeks to slash U.S. carbon dioxide emissions by 30 percent by 2030 from 2005 levels. Although the pro-coal community has been firing back, calling the proposal too idealistic, a shot at the America's middle class and more, the EPA has gone to virtually unprecedented lengths to make the new policy as accommodative as possible to states. With that in mind, it seems pretty clear that the new regulations are coming, like it or not. The stricter emission standards are going to continue to weigh on companies such as Walter Energy (NYSE: WLT), Peabody Energy (NYSE: BTU) and more of their coal brethren, but the bleeding may get worse before it gets better, considering actions such as Stanford University divesting its $18.7 billion endowment of stock in coal mining companies in May. Part of Stanford's decision to become the first major university to walk away from its investment in coal was predicated on internal guidelines of trustees to make decisions on investments based upon social responsibility. As funds exit "dirty" energy, it seems plausible that increased investments will start to make their way towards more efficient energy, including natural gas and related products, such as the combined heat and power offerings of American DG Energy, Inc. (NYSE MKT: ADGE).
