Arch, Wyoming DEQ Agree to Self-bonding Deal

After being given a brief extension by the federal government, the Wyoming Department of Environmental Quality (DEQ) and Arch Coal have reportedly agreed upon the troubled producer’s self-bonding and will accept about $75 million instead of the company’s bonding obligations tab of $486 million as Arch continues through its bankruptcy.

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Tegeta’s Optimum to Export From Richards Bay

Tegeta Exploration and Resources, currently awaiting approval of its acquisition of Glencore’s Optimum operation in South Africa, will reportedly acquire about one-tenth of the export rights at the Richards Bay export facility.

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Luminant Closing Doors to Thermo, Winfield Mines

Following through on a plan first outlined in 2014, Luminant Mining announced it will soon be halting operations at the Winfield and Thermo mines in northeast Texas. Company spokesman Brad Watson told local media that Worker Adjustment and Retraining Notification (WARN) Act notices were distributed to approximately 80 employees at the operations in Hopkins and Titus counties, which feed the Monticello power plant.

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US Supreme Court Puts Clean Power Plan on Hold

In a 5-4 decision, the U.S. Supreme Court has put a temporary halt on the Environmental Protection Agency’s (EPA) Clean Power Plan (CPP), citing ongoing litigation against the carbon emissions reduction scheme by the coal industry and other parties. The stay stops all enforcement until the suits are resolved, including one by a coalition of 27 U.S. states and several pro-coal groups. The one-page order also comes after a federal appeals court refused to put a hold on the plan late last month at the request of that same group.

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