Consolidated Energy, Inc. acquires coal reserves in Eastern Kentucky

CORAL SPRINGS, Fla., Jan. 16, 2004 -- David Guthrie, President and CEO of Consolidated Energy, Inc. announced that the company has acquired from Eastern Land Development, LLC, a mineral holding company in Eastern Kentucky, a six million (6,000,000) ton coal reserve of low sulfur high BTU coal in Martin County, Kentucky.

"CEIW has the availability to ship this coal to markets on both rail via the N & S railroad and river terminals on the Big Sandy River at Catlettsburg, Kentucky," Guthrie said. "We are very excited about the future of low sulfur coal with this type coal now selling above $40.00 per ton as quoted by NYMEX," Guthrie stated.

CEIW acquired Eastern Consolidated Energy, Inc. ("ECEI") on September 15, 2003. ECEI had for the past two years been leasing coal and development of commercial mining and producing coal and has been mining coal since September 2003.

"With the recent acquisition of additional high production continuous mining equipment the company has now turned the corner and has commenced to produce coal at a much higher rate of production and in a profitable manner," Guthrie stated.

Our plans are to develop this newly acquired reserve as quickly as possible to expand further production, Guthrie said.

Sponsored by FLSmidth

Related Articles

Ameren Missouri plans $135M in energy efficiency

Missouri's largest electric company said Monday that it plans to invest $135 million in energy efficiency programs for customers over a three-year period.

EPA releases coal ash rule

The U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy announced the agency will now consider coal ash on the same level as household waste as opposed to hazardous waste. Household garbage and coal ash are both listed in the solid waste category, a stretch from the hazardous waste classification.

Follow Power Engineering on Twitter
Latest News
08/26 Henry Hub Average Natural Gas Spot Prices

08/26 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...
Ameren Missouri moving spent nuclear fuel to dry storage casks Callaway Energy Center

Ameren Missouri to begin moving spent nuclear fuel

Ameren Missouri’s Callaway Energy Center will begin this week moving spent nuclear fuel to ne...
Millstone 2 nuclear unit has corrective actions from NRC

NRC issues corrective actions against Millstone 2 nuclear unit

FP&L to buy and sell Cedar Bay coal-fired power plant

FP&L to buy, close coal-fired power plant

Florida Power & Light will buy and shut down a coal-fired power plant under a settlement ...
The Weekly Coal Production Report has been updated for the week ended Aug 22, 2015.

08/22 Weekly Coal Production Report

The Weekly Coal Production Report has been updated for the week ended Aug 22, 2015.

Moody’s affirms Southern ratings, but changes outlook to negative

Deal for AGL comes at time of increasing "risk profile" for Southern, Moody finds

Now that Southern (NYSE:SO) has announced plans to buy AGL Resources (NYSE:GAS), Moody’s Inve...
Federal judge dismisses most coal-fired emissions claims against Luminant

Judge rejects most claims in federal NSR lawsuit against Luminant

A federal judge on Aug. 21 dismissed most of the claims of the U.S. Environmental Protection ...
IAEA, Kazakhstan to establish low-enriched uranium bank

Kazakhstan to host international uranium bank

The International Atomic Energy Agency and Kazakhstan have signed an agreement to establish a...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Power Industry Wire News

PyroGenesis Canada Inc. to Present at the 4th Annual Liolios Gateway Conference on September 10, 2015

PyroGenesis Canada Inc. to Present at the 4th Annual Liolios Gateway Conference on Sept...

American Power Group Announces Completion of a $3.25 Million Term Loan for the Purchase of Next Generation Natural Gas Flare Capture and Recovery Systems

American Power Group Announces Completion of a $3.25 Million Term Loan for the Purchase...

Anpath Group Signs Merger Agreement With Q2Power

Anpath Group Signs Merger Agreement With Q2Power

Cimation Selected by Shell for Global Cybersecurity Program Roll-Out

Cimation Selected by Shell for Global Cybersecurity Program Roll-Out

Nuclear, LNG Export Projects Dominate Top 10 Capital-Spending Plans in U.S. Southeast Region, an Industrial Info News Alert

Nuclear, LNG Export Projects Dominate Top 10 Capital-Spending Plans in U.S. Southeast R...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>