The Kemper facility, a first-of-its-kind “clean coal” power plant that utility-owner Southern Co. spent years and billions of dollars constructing in Mississippi, may never burn coal — and instead will fire with natural gas.
Australia-based mining giant Rio Tinto has selected Yancoal as preferred buyer of its Coal & Allied Industries unit for up to $2.45 billion, rejecting a counterbid launched by Glencore for its Australian unit.
Switzerland-based mining company Glencore has launched a bid to acquire Rio Tinto’s coal assets in Australia, challenging a takeover offer made by the Chinese government-controlled Yancoal Australia in January.
A major developer of natural gas-fired power plants in Ohio is fighting a plan by Ohio lawmakers to provide a $610 million a year subsidy to electric utilities with aging, uneconomical nuclear and coal-fired power plants.
Environmental advocacy groups last week filed suit to halt the expansion of Montana's largest coal mine, due to its alleged effects on climate change, after federal officials said it wouldn't contribute significantly to the nation's greenhouse gas emissions.
Robert Murray, CEO of one of the largest coal mining companies in the U.S., said during a Fox Business interview this week the coal industry already has added roughly 50,000 jobs due to President Trump's efforts to restore coal country.