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December 05, 2013

CONSOL Energy Inc. has announced that it has closed on its previously announced agreement to sell its Consolidation Coal Company subsidiary, which includes all five of its longwall coal mines in West Virginia, to a subsidiary of Murray Energy Corp. for $3.5 billion.

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December 05, 2013

The West Virginia Business & Industry Council (BIC) will host lunches for the State Senate and the House of Delegates during the Legislature’s December Interim Committee meetings in Charleston.  As we are long standing members of BIC and Chris is currently chairman of the organization, Association members are encouraged to attend and visit with our elected officials during these informal lunches.  The House of Delegates will be hosted on Monday, December 9th and the State Senate on December 10th.  Each lunch will be held in the rotunda hallway outside the respective chambers on the main floor of the Capitol.  Please let Sandi know if you will be able to stop by either or both days.

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December 02, 2013

By TOM BONE Bluefield Daily Telegraph 

GREEN VALLEY — Many coaches can attest to Tahj Sho-Johnson’s speed and talent on the football field. Many Princetonians can testify to his character. Many statistics could try to quantify his individual accomplishments as a Princeton Tiger.

But perhaps Rick Taylor summed up the 2013 Pocahontas Coal Association-Bluefield Daily Telegraph Football Player of the Year Tuesday night with his closing comment at the annual banquet.

“What a champ,” said Taylor, the coal association president and master of ceremonies.

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November 20, 2013

New plant will use coal to produce key steelmaking ingredient; marks third major jobs announcement this month

CHARLESTON, W.Va. - Gov. Earl Ray Tomblin today announced Carbonyx, Inc., a Texas-based company, will invest tens of millions of dollars in a new Jackson County plant, creating at least 60 jobs.  The new plant will use state-of-the-art technology to produce a key ingredient for steelmaking and rely on coal as the main input for its manufacturing process, making it an important new customer for regional coal producers.

"We are excited and honored to welcome Carbonyx to West Virginia," Gov. Tomblin said.  "Carbonyx is a tremendous innovator in the steelmaking business--and they've decided to invest right here in the Mountain State because of our top-notch workforce and winning business climate."

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November 14, 2013

According to the Energy Information Administration’s (EIA) weekly production report, year-to-date U.S. metallurgical exports through August 2013 were down 10% as compared to the same period last year (44.8mt v. 49.8mt) and steam coal exports were off by 8.7% (35mt v. 38.4mt). Coal imports were also down 2.4% for the same year-to-date period (5.8mt v. 5.9mt).  West Virginia’s 2013 year-to-date production, through 11/9, was down 2.8% statewide when compared to the same period in 2012 (101.9mt v. 104.9mt), with northern WV production up 2.2% (36.5mt v. 35.7mt) and southern WV was off 5.4% (65.5mt v. 669.2mt). U.S. year-to-date production through 11/9 was down 2.2% (861.6mt v. 878.2mt).  There were 118,274 railroad cars loaded last week.