Coal Age Magazine - For nearly 100 years, Coal Age has been the magazine that readers can trust for guidance and insight on this important industry.
Issue link: https://coal.epubxp.com/i/105148
news continued Coal. The coal is to be produced to help meet the coal requirement of its steel and power projects located in various states in India. The deal has elicited some skepticism from coal officials in the Central App region. They question the sheer amount of steam coal to be provided over a quarter century and wonder if buying that much coal over such a long period of time from a region experiencing steadily declining production makes good economic sense. They also suggest the arrangement might be more understandable if it involved metallurgical coal. Booth Energy, headed by James Booth, produces and ships about 7 million tons of coal a year to domestic and export markets. The company markets its coal by the Norfolk Southern Railway and CSX Railroad, via truck to Kentucky Power's Big Sandy power plant and through its Wayne County river terminal in West Virginia. m Navajo Nation to Purchase Navajo Mine from BHP The Navajo Nation and BHP Navajo Coal Co. (BNCC) entered into a Memorandum of Understanding (MoU) that outlines the transfer of ownership of BNCC to the Nation. The transaction is expected to be completed by June 2013. Although the Navajo Nation will become the new owner, BHP will continue to manage the mine until 2016. The Nation began exploring the possibility of acquiring BNCC in October after it became apparent that BHP was not interested in operating the mine beyond 2016. The Navajo Council approved $750,000 to hire several firms to assist in the transaction. The MoU is the first step in ensuring the continued operation of the Navajo mine, where 433 individuals are employed full-time—of which, 85% are Native American. As part of the understanding, the Navajo Nation will continue to provide coal to the Four Corners power plant for 15 years beginning in 2016. PEOPLE IN THE NEWS Three members of CONSOL Energy's executive management team have announced their decision to retire. William J. Lyons , executive vice president and CFO, and Robert Pusateri, executive vice president of energy sales and transportation services, will both step down March 1, 2013. P. William Lyons Jerome Richey, executive vice president and chief legal officer, also announced his plans to retire in March 2014. In conjunction with this announcement and to ensure a smooth transition, several additional executive promotions were announced. David Khani, who has served as the company's vice president of finance since July 2011, will be promoted Robert Pusateri to CFO March 1, 2013. Effective January 1, 2013, Stephen W. Johnson, senior vice president and general counsel, will be promoted to chief legal and corporate affairs officer and will oversee the legal, environmental, human resources, major transactions, government affairs and public relations functions of the company. Effective November 15, 2012, James C. Grech was promoted to chief commercial officer; in this P. Jerome Richey capacity he is responsible for CONSOL Energy's marketing, transportation services, CNX Land Resources, and research and development departments, as well as Fairmont Supply. Peabody Energy's Midwest Environmental Specialist Dan Williamson has been awarded the 26th Vance "Pat" Wiram Award for career efforts advancing best practices for restoration of hardwood forests working collaboratively with regulators, academia and industry. The honor was presented by the Indiana Society of Mining and Reclamation. Williamson, an industry veteran with more than 30 years of practice, has pioneered methods to increase tree survival on restored lands. His work is directly responsible for a half-dozen major awards in recent years for reclamation excellence in the areas of reforestation, wetlands and wildlife habitat from the state and the U.S. Department of the Interior. Teck Resources Ltd. has appointed Keith Stein vice president of project development; Bill Fleming vice president of engineering, projects and business improvement, coal; Robin Sheremeta vice president of operations, coal; Bob Kelly vice president of health and safety; and Dean Winsor vice president of human resources. 12 www.coalage.com Bumi plc announced Nalin Rathod will step down as CEO and will serve as a non-independent, non-executive director. He will be succeeded by Nick von Schirnding, who joined the board at the end of December. The Ohio Coal Association announced Zane T. Daniels will take over as president of the organization. Daniels will be responsible for all state legislative and regulatory activities in Ohio and work in conjunction with the NMA and the American Coalition for Clean Coal Electricity on federal issues. Daniels will also manage all advocacy and membership activities for the association. Zane Daniels He was the government affairs manager for the Ohio Rural Electric Cooperatives before joining the association, and his past experience includes time in the Ohio general assembly as a legislative staff member. Charles Zebula American Electric Power announced that Charles E. Zebula, currently treasurer and senior vice president–investor relations, will become executive vice president–energy supply. Julie Sloat, currently vice president–regulatory case management, will become treasurer and senior vice president. Nancy Gravatt The National Mining Association has appointed Nancy Gravatt senior vice president of communications. She replaces Carol Raulston , who will remain with the NMA until May 15, when she plans to retire. Carol Rauston James Wood ThermoEnergy Corp. has appointed James F. Wood chairman and CEO. He succeeds Cary G. Bullock who will remain a member of ThermoEnergy's board of directors. Wood recently completed his service as Deputy Assistant Secretary for Clean Coal in the U.S. Department of Energy. Tetra Tech, Inc. has appointed John M. Young vice president John Young of mine closure. Jørgen Huno Rasmussen, Group CEO of FLSmidth & Co. A/S, will retire in 2013. Former Sandvik Construction President Thomas Schulz has been appointed Group CEO. January 2013