Thursday, May 23 2013 7:07 AM EDT2013-05-23 11:07:20 GMT
New study documents benefits of coal exports for state and national economies. Exports hit 107 million tons in 2011 and a record 126 million tons in 2012; 105 million tons is projected for 2013.
New study documents benefits of coal exports for state and national economies. Exports hit 107 million tons in 2011 and a record 126 million tons in 2012; 105 million tons is projected for 2013.
Wednesday, May 22 2013 3:09 PM EDT2013-05-22 19:09:14 GMT
Lewisburg City Council passed a resolution May 21 opposing Mon Power's $1 billion proposal to buy the Harrison power plant; Morgantown council's resolution expresses concern.
Lewisburg City Council passed a resolution May 21 opposing Mon Power's $1 billion proposal to buy the Harrison power plant; Morgantown council's resolution expresses concern.
Tuesday, May 21 2013 2:25 PM EDT2013-05-21 18:25:44 GMT
Directors were re-elected and shareholder measures on executive pay and corporate governance failed, while demonstrators outside protested labor practices, Mon Power's purchase of Harrison plant.
Directors were re-elected and shareholder measures on executive pay and corporate governance failed, while demonstrators outside protested labor practices, Mon Power's purchase of Harrison plant.
Monday, May 20 2013 12:48 PM EDT2013-05-20 16:48:08 GMT
Following May 17 rebuttal testimony and a coming hearing on Mon Power's bid to buy Harrison power station, the PSC will decide if a billion-dollar coal plant is the best answer to future power demand.
Following May 17 rebuttal testimony and a coming hearing on Mon Power's bid to buy Harrison power station, the PSC will decide if a billion-dollar coal plant is the best answer to future power demand.
By MICHAEL FELBERBAUM AP Business Writer
RICHMOND, Va. (AP) - James River Coal Co.'s third-quarter loss widened as weak demand drove down prices and the coal producer experienced higher costs.
The Richmond, Va.-based company said Wednesday it lost $20.6 million, or 59 cents per share. That is larger than its loss of $3.7 million, or 11 cents per share, a year earlier.
Revenue from coal sales fell about 9 percent to $264.6 million. Total revenue fell 5 percent to $288.1 million.
Coal shipments were flat at 3.16 million tons.
Coal producers are being hit by a double whammy of weak demand. Utilities need less coal to produce electricity because of mild weather and lower power generation, while construction overseas has slowed the appetite for coal to make steel.
James River Coal has operations in Kentucky, West Virginia and Indiana.
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