CONSOL Energy – News

CONSOL Energy Inc. the leading diversified fuel producer in the Eastern U.S., has proved gas reserves of 3.7 trillion cubic feet (Tcf) as of December 31, 2010. This is an increase of 1.8 Tcf, or 95%, from the 1.9 Tcf reported at year-end 2009. The proved developed reserves (PDP) increased by 86% and the proved undeveloped reserves (PUD) increased 107%. Of the 3.7 Tcf of proved reserves, 52%, are categorized… 

Annual Mining Symposium Coming to WJU

Following a year highlighted by the passage of landmark mine-safety legislation at both the state and federal levels, and 16 months removed from two catastrophic accidents that killed 14 West Virginia miners, the International Mining Health and Safety Symposium returns to the Ohio Valley later this month to build on the progress and momentum of initiatives designed to improve safety in the mining industry. Hosted… 

Harrison coal mining group plans annual dinner

Saturday, March 10th 2007

CADIZ ”“ Plans are being made for the annual dinner and auction to raise money for the Harrison Coal and Reclamation Historical Park Inc. ”Despite the loss of our ultimate goal in The Silver Spade, we have voted to go on with our plans to build a surface mining museum,” said President Claren Blackburn. ”To that end we need support both individually and financially, and so… 

Rancher Energy Corp Rated ‘Speculative Buy,’ Target Price $7.39 by Beacon Equity Research

Tuesday, January 30th 2007

Rancher Energy Corp has been rated “Speculative Buy” with a target price of $7.39 by Beacon Equity Senior Research Analyst, Kris Goldcross, CFA. The full report is available at http://www.BeaconEquityResearch.com Anyone interested in receiving alerts regarding Rancher Energy Corp research should email members@beaconequityresearch.com with “RNCH” in the subject line. In the report… 

Effort to save giant mining shovel for museum fails

Tuesday, January 30th 2007

The world’s last operating stripping shovel will be sold for scrap after a group of citizens and public officials failed to raise enough money to preserve the massive machine for a coal mining heritage museum. The 7,000-ton Silver Spade has sat dormant in rural Harrison County near Cadiz since April, after its rotating base was disabled. When the machinery’s owner, Upper St. Clair-based… 

Arch Coal Shares Fall on Warm Weather

Shares of Arch Coal Inc. continued falling Thursday after a Morgan Stanley analyst took the coal producer off a list of preferred stocks, saying warm weather spells trouble for coal prices. Morgan Stanley analyst Henry H. McVey struck Arch Coal from the Focus List. “We are increasingly concerned that high inventories and warm weather will prove to be the enemy of an improvement in fundamentals,”… 

Chronology of mine safety legislation

Tuesday, January 2nd 2007

_Jan. 2 Sago Mine explosion results in 12 deaths _Jan. 9 West Virginia Gov. Joe Manchin appoints former federal Mine Safety and Health Administration director J. Davitt McAteer to conduct special Sago investigation. New Mexico conducts unscheduled inspection of its only underground mine on orders by Gov. Bill Richardson. _Jan. 19 Two miners die in fire at Aracoma Alma No. 1 Mine in Logan County. _Jan…. 

12 months after Sago mine explosion, coal industry still changing

Tuesday, January 2nd 2007

Many of the safety measures state legislatures and Congress rushed to adopt to protect the 46,000 people working in the nation’s underground coal mines after the Jan. 2. Sago Mine explosion have yet to take effect. There are still no rescue chambers or wireless tracking and communications equipment in the country’s 606 underground coal mines, and it’s unlikely there will be until… 

Coal Mining Industry Looks to Strengthen Underground Seals That Don’t Meet Federal Standards

The coal mining industry has high hopes for a new material that may harden underground seals that don’t meet federal strength standards. Regulators say as many as 13,000 foam block seals in mines across the country don’t meet the new strength requirement the Mine Safety and Health Administration set in July. MSHA upped the strength requirement after methane gas explosions behind seals killed… 

Coal Mining Companies Rise As Investors Sense a Bargain, Shift in Supply and Demand Imbalance

Wednesday, October 11th 2006

Shares of coal mining stocks rose Tuesday as investors smelled a bargain and production cuts hinted at lightening of the current supply and demand imbalance. Shares of Consol Energy Inc. climbed $2.11, or 7 percent, to close at $32.49 on the New York Stock Exchange. Also on the NYSE, Massey Energy Co. gained $2, or 9.6 percent, to end at $22.83, while Arch Coal Inc. added $2.14, or 7.6 percent, at…