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

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.

Fuel Tech receives air pollution control contracts worth $3.6Mn

Fuel Tech Inc. has received multiple air pollution control (APC) contracts, worth approximately $3.6 million, from customers in China, Europe and the U.S.

Follow Power Engineering on Twitter
Latest News

GAO looks at reliability impacts of changing power generation mix

The Government Accountability Office (GAO) on June 29 released a study provided a month befor...

On the day after MATS decision, Bernstein sees only a limited reprieve for coal units

In light of the U.S. Supreme Court ruling against the EPA's Mercury and Air Toxics Standards ...

Pence says Indiana will not comply with coal plant regulations

Indiana will not comply with President Barack Obama's plan to battle climate change by requir...

Westermost Rough offshore wind park enters operations

The 210-MW offshore wind power plant, Westermost Rough, has entered operations. The project w...

Duke Energy to upgrade energy storage system at Notrees Windpower Project

Duke Energy (NYSE: DUK), Samsung SDI and Younicos will work together to update Duke Energy's ...

Wisconsin Energy acquires Integrys, forms WEC Energy Group

Wisconsin Energy Corp. successfully acquired Integrys Energy - forming the WEC Energy Group (...

Regulator rejects Iberdrola plan to buy Connecticut utility

Connecticut regulators have taken a step toward rejecting a plan by Iberdrola, Spain's leadin...

Largest Southern Co. subsidiary enters rooftop solar market

The largest Southern Co. subsidiary will start selling and installing solar panels on homes W...

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

ZaZa Energy Reports Mid-Year 2015 Reserves and Operational Update

ZaZa Energy Reports Mid-Year 2015 Reserves and Operational Update

Range Announces Redemption Notice of 6.75% Senior Subordinated Notes Due 2020

Range Announces Redemption Notice of 6.75% Senior Subordinated Notes Due 2020

Black Gold Resources Acquires Stake in the 10 Well Income Joint Venture in Caldwell County, TX

Black Gold Resources Acquires Stake in the 10 Well Income Joint Venture in Caldwell Cou...

GlobalView Now Offers Exclusive Real-Time Delivery of Fast Weather Benchmark Data

GlobalView Now Offers Exclusive Real-Time Delivery of Fast Weather Benchmark Data

SafeWorks Acquires DualLift GmbH (DL)

SafeWorks Acquires DualLift GmbH (DL)

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 >>