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Speaker for Bluefield Coal & Mining Show Announced

 A speaker for the September Bluefield Coal & Mining Show has been announced.

David J. Stetson, CEO of Alpha Metallurgical Resources, will open the show and address the Media & Exhibitor Appreciation Breakfast prior to the opening ceremony.

Bob Ramsey, Chairman of the newly named show and president of Peters Equipment and Ramsey Industrial, made the announcement for the 24th biennial show.

“We are delighted to have the show opened by David Stetson of Alpha, who will provide his unique perspective of the American coal industry when he addresses us at the breakfast,” Ramsey said. “His presentation will be of great interest to everyone at a time when there is certainly a renewed focus on the industry.”

Stetson is also Chair of Alpha’s Board of Directors. Alpha rebranded in February of 2021 from its prior company name of Contura Energy and Stetson previously served on Contura Energy’s Board of Directors from November 2018 through April 2019. Before that, he served as Chairman of the Board of Directors and Chief Executive Officer of both ANR, Inc. and Alpha Natural Resources Holdings, Inc. from July 2016 until the merger with Contura in November 2018.

Ramsey said Stetson has extensive experience in management, finance, mergers and acquisitions, corporate governance, restructuring, the law, and reclamation. He is also founder and most recent Chairman of MCPA (Metallurgical Coal Producers Association).

To continue reading, click here to view the full article on CoalZoom.com.  

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Bens Creek Exercises Option for Second Highwall Miner, Doubling its Monthly Production Capacity

Bens Creek Group PLC (AIM:BEN, OTC:BENCF), the owner of a metallurgical coal mine in North America, said it exercised an option for Mega Highwall Mining LLC (MHW) to operate a second highwall miner on its behalf, doubling its monthly production capacity.

A formal agreement with MHW for the supply of a second highwall miner will be completed next month on similar terms as the initial highwall miner supplied by MHW, including a production target of between 32,000 and 40,000 tons of metallurgical coal per month. 

"Highwall mining machines are generally in short supply and command a market premium,” said chief executive Adam Wilson. “By operating two highwall miners simultaneously, this will enable an increase in our production capacity to up to 80,000 tons per month."

AIM-listed Bens Creek announced last October that MHW would be responsible for the production of its metallurgical coal reserves for an initial 12-month period under a contract that allowed for a minimum production capability of 40,000 tons of coal per month.

To continue reading, click here to view the full article on CoalZoom.com.  

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West Virginia County Welcomes Gainwell Engineering

Fayette County, West Virginia gained a new corporate entity on Thursday.

And, with it, that corporation gained foothold in its sixth different country of operation.

An official welcome and ribbon-cutting ceremony was held on June 16 for Gainwell Engineering.

Gainwell Engineering, an international company headquartered in India, selected Fayette County as its newest location for mining equipment-related sales and repair in North America, according to a press release ahead of Thursday's event.

The firm's aim is to employ more than 40 people at the facility in the next three years.

Fayette County commissioners Allison Taylor and Tom Louisos were joined by several municipal, state and federal elected officials and their representatives in making the announcement alongside Gainwell Engineering representatives.

To continue reading, click here to view the full article on CoalZoom.com.  

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Germany’s ‘Green’ Energy Disaster Is A Warning To The United States

As gas hit historic highs, leftists keep arguing it’s a perfect time to transition to a “clean energy” economy. “Now is the moment to double-down, triple-down, and quadruple-down on clean energy,” Sen. Elizabeth Warren tweeted on Friday, linking to a CNN piece that contends “wind and solar” have been “bailing out” Texas during its recent heat wave.

In the piece we learn that wind, solar, and nuclear have “powered about 38% of the state’s power in 2021, rivaling natural gas at 42%.” That’s quite the sleight of hand; tantamount to bragging about how Babe Ruth (60), Lou Gehrig (47), and Joe Dugan (2) combined for 109 home runs in 1927. True, but deceptive.

Subsidized solar power generates less than 2 percent of Texas’ energy during the year. Nuclear power generates around 10 percent and wind nearly 20. Coal accounts for nearly 15 percent and natural gas for more than 52 percent of electricity generation. It would be far more accurate to say that coal, nuclear, and gas are bailing out Texas.

No nation has anything approaching a clean energy economy. And those that have promised to build one are all struggling.

More than a decade ago, after a major earthquake caused the Fukushima nuclear disaster, German chancellor Angela Merkel announced her nation would close down all its nuclear power plants, at the same time quadrupling down on the decarbonization of its economy—energiewende. Once there were 17 reactors in Germany. Now there are only three remaining, all of which are scheduled to go offline by the end of the year.

The move to “clean energy”—without nuclear—has accomplished three things:

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Voters Want Action on Grid Reliability

 Americans are deeply concerned about the reliability of the nation’s power grid and the affordability of their electricity supply. They’re so concerned, even frustrated, with warnings over the potential for rolling blackouts – or worse – they now want government action to fix the problem.

According to national polling from Morning Consult, nearly 8 in 10 voters – including a majority of Democrats, Republicans and Independents – want the U.S. government to prevent premature closings of functioning power plants until replacement generating capacity is built and online. The same polling found that nearly 9 in 10 voters are also concerned about rising electricity rates.

While the price at the gas pump has often been an outsized issue come election day, the reliability of the nation’s power grid and the soaring cost of electricity are gaining new electoral prominence. That’s certainly already true in Texas, and as this poll indicates, it’s increasingly true elsewhere. Where rolling blackouts – or even the regular threat of them – go, so does voter frustration with the institutions that are supposed to provide electricity families can count on but increasingly can’t.

“Americans are deeply concerned that they are paying far more for a supply of electricity that is less reliable than ever before. With grid reliability deteriorating, energy inflation soaring and the threat of blackouts now a reality for tens-of-millions of Americans, it’s time for an energy policy reset,” said Rich Nolan, National Mining Association president and CEO.

Voters are wising up to what reliability experts and grid regulators have been saying for years: the rapid loss of baseload generation is a challenge we must stop downplaying.

To continue reading, click here to view the full article on CoalZoom.com.  

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