Coal Age

MAR 2017

Coal Age Magazine - For more than 100 years, Coal Age has been the magazine that readers can trust for guidance and insight on this important industry.

Issue link: http://coal.epubxp.com/i/805515

Contents of this Issue

Navigation

Page 13 of 51

12 www.coalage.com March 2017 news continued c a l e n d a r o f e v e n t s April 10-13, 2017: 19 th Annual Electric Power Conference & Ex- hibition, McCormick Place West, Hall F1, Chicago, Illinois. Contact: http://2017.electricpowerexpo.com. April 11-14, 2017: 25 th International Mining Congress and Exhibition of Turkey-IMCET 2017, Antalya, Turkey. Contact: UCTEA Cham- ber of Mining Engineers of Turkey; Tel: +90312 425 10 80; Email: imcet2017@gmail.com; Web: http://imcet.org.tr/. April 30-May 3, 2017: Canadian Institute of Mining (CIM), Montréal, Qué- bec, Canada, Contact: Web: http://convention.cim.org/en/Montreal/ 2017/Home.aspx. existing American Coal Council name and organizational struc- ture and be managed by CEO Betsy Monseu and current ACC staff members. Two CTA Board Directors have been added to the ACC Board of Directors: Steve Watson, director of trading and origination with Arch Energy Resources; and Ginny Farrow, portfolio director of coal with NRG Energy. Coal trading matters will be addressed by a new ACC Coal Trading Committee, which Watson will chair. "The missions, activities, and programs of the ACC and CTA fit well together, and the two organizations have had a longstand- ing relationship to co-host the annual Coal Trading Conference," ACC CEO Monseu said. "I thank the boards and members of both organizations for their support of this combination, and the rec- ognition of the value proposition it provides. I appreciate the con- tributions of CTA Executive Director Bob McLean and wish him well as he retires." CTA programs and events to be continued under ACC include the reception at the Eastern Fuel Buyers Conference in Orlando on May 2; the Coal Trading Conference in New York on December 4-5; and the Fundamentals of Coal Trading class, which is being converted to an online education program. Contura to Increase its Interest in DTA Contura Energy has significantly increased its ownership stake in Dominion Terminal Associates (DTA), a world-class coal export facility located in Newport News, Virginia. Upon closing, Contura will hold a 65% majority ownership in the facility through its affil- iate, Contura Terminal LLC. "The coal blending capabilities and transportation flexibili- ty provided by DTA serves as a strategic cornerstone of Contura's Trading & Logistics business," said Kevin Crutchfield, CEO, Con- tura Energy. "This investment supports our continued focus to deliver quality coal products with the reliable service our interna- tional customers expect from Contura Energy." The highly mechanized DTA facility provides 22 million tons per year (tpy) of overall capacity and 1.7 million tons of total coal ground storage. Currently, Contura owns approximately a 41% in- terest in the facility. On January 12, Peabody Energy filed a motion with the U.S. Bankruptcy Court in the Eastern District of Missouri requesting approval of bidding procedures for the sale of its ownership stake in the DTA facility as part of its ongoing Chapter 11 restructur ing. That order was approved by the court on January 30, and an auction was held for the asset on March 6. Contura participated in the bidding process jointly with Arch Coal, a current partner at the DTA facility. The transaction is subject to U.S. Bankruptcy Court approval and closing. A hearing on the matter is currently scheduled for March 9. EPA to Act on Waters of the United States Rule President Donald Trump issued an executive order on February 28 directing the U.S. Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers to review and then rescind or revise the 2015 Clean Water Rule: Definition of "Waters of the United States." "EPA intends to immediately implement the executive order and submit a notice to the office of the Federal Register announc- ing our intent to review the 2015 rule, and then to propose a new rule that will rescind or revise that rule," said EPA Administrator Scott Pruitt. "The president's action today preserves a federal role in protecting water, but it also restores the states' important role in the regulation of water." In his executive order, Trump said, "It is in the national inter- est to ensure that the nation's navigable waters are kept free from pollution, while at the same time promoting economic growth, minimizing regulatory uncertainty, and showing due regard for the roles of the Congress and the states under the Constitution." May 7-9, 2017: Haulage & Loading, Wigwam Resort, Phoenix, Arizona. Contact: Web: www.haulageandloading.com. June 13-15, 2017: Longwall USA, David L. Lawrence Convention Center, Pittsburgh, Pennsylvania. Contact: Web: www.longwallusa.com. August 29-31, 2017: AIMEX, Asia-Pacific's International Mining Exhibi- tion, Sydney, Australia; Contact: Web: www.aimex.com.au/home/. September 13-15, 2017: Bluefield Coal Show, Brushfork Armory-Civic Center, Bluefield, West Virginia. Contact: Bluefield Chamber of Com- merce; Tel: +1-304-327-7184; Web: www.bluefieldchamber.com. Contura now owns a 41% interest in the Newport News export facility.

Articles in this issue

Links on this page

Archives of this issue

view archives of Coal Age - MAR 2017