US coal news

Westmoreland Coal Company reports its fourth quarter and full year 2017 financial results.

On 30 April 2018, Contura Energy and Alpha Resources signed a merger agreement enabling a strengthened US metallurgical coal platform.

Peabody Energy posted revenues of US$1.46 billion, income from continuing operations, net of income taxes of US$208.3 million, net income attributable to common stockholders of US$106.6 million, diluted earnings per share from continuing operations of US$0.83 and Adjusted EBITDA of US$363.9 million.

The legislation would establish a temporary tax credit for existing coal-fired power plants in the US.

CONSOL Energy Inc is to fund the salary of a new school Resource Officer at West Greene School District as part of a school safety initiative.

Westmoreland Coal Co. has announced that it plans to issue a press release reporting financial results for 4Q17 and full year 2017 before the market opens on 2 April 2018.

The increase is expected to range between 5-20%, depending on the specific product, raw material type, services provided, and global considerations.

The company believes that promoting the Coal Region, in northeastern Pennsylvania, US, as a domestic Rare Earth Element production district will secure technology metals independence for the US and its allies.

The Supreme Court for the US state of New Mexico has upheld an order from state regulators to permit Public Service Company of New Mexico to replace lost generation from two shuttered units.

“We support the Act because the continued retirement of coal-fired power plants across the country is threatening the reliability and resilience of the nation’s electricity grid.”