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Tag Archives: mining

US stocks retreat as banks, energy companies fall

stocks

NEW YORK (AP) — U.S. stocks are falling Thursday morning and returning some of their recent gains. Banks are skidding on the prospect of a drop in interest rates. Energy companies are slipping with the price of oil and metals companies are also down. KEEPING SCORE: The Dow Jones industrial average slid 53 points, or 0.3 percent, to 17,951 as ...

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San Juan College receives $1.4 million grant

FARMINGTON — San Juan College received $1.4 million as part of a federal grant designed to help workers in the coal industry transition into other jobs. The money was part of a $14.5 million grant — shared by 36 entities nationwide — from the Obama administration’s Partnership for Opportunity and Workforce and Economic Revitalization, or POWER, program. The program is ...

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North Dakota getting federal mine safety grant

BISMARCK, N.D. (AP) — North Dakota’s Department of Career and Technical Education is getting a share of $8.4 million in federal grant funding to reduce mining accidents and injuries and for training programs. The grants from the U.S. Department of Labor’s Mine Safety and Health Administration are aimed at providing miners with federally mandated training. Career and Technical Education is ...

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Alpha Resources subsidiaries are going into idle mode

mine

On January 30th, Alpha Resources announced in a press release that two of its subsidiaries will be going into idle mode at certain West Virginia coal mines due to weak market conditions and federal government regulations that have tested the Central Appalachian mining industry. Following the rules set by the Worker Adjustment and Retraining Notification (WARN) Act, the company has ...

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European stocks knocked lower by commodity slump

stocks

PARIS, Dec 1 – European shares fell on Monday, led lower by oil and mining stocks, as weak Chinese and euro zone economic data fueled a rout in the commodities market. Shares in UK telecom group Vodafone sank 4.4 percent on talk it would bid for cable operator Liberty Global . Sources said Vodafone is reviewing potential acquisitions, including Liberty ...

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Supreme Court takes up Montana coal tax dispute

BILLINGS, Mont. — Montana tax authorities will appear before the state Supreme Court Tuesday to argue a Wyoming mining company owes $3.4 million for selling coal to an affiliate at less than market value. State officials says Cloud Peak Energy of Gillette, Wyo., undervalued coal it sold between 2005 and 2007 and paid too little in taxes as a result. ...

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