In the News: What's going on in the coal industry?

Subscribe to get our blog posts in your inbox --> Click Here.

In the News:  What's going on in the coal industry?

Last week, the coal industry saw a massive amount of layoffs - 460 people lost their jobs in one week.  What does this mean for the future of coal?

The layoffs were made by Black Thunder and North Antelope Rochelle last Thursday morning.  

"This is a difficult time," said Gillerre Mayor Louise Carter-Kind.

However, the layoffs, according to analysts, is something that has long been needed in the coal industry.  They believe that a dramatic cutback in production was needed because the coal market has been oversupplied.

Utilities are burning less coal, but mining farms are sending out train loads of coal shipments.  This is causing huge stockpiles of coal to just sit, unused at power plants across the country.  The price of 8,800 BTU Powder River Basin coal is below $10, not providing enough of a profit for coal companies.

Click here to read the whole story. 

 

You Might Also Like...

File Format: PDF/Adobe Acrobat
1. Powder River Basin (PRB) coal has given coal-fired plants an environmentally conscious, inexpensive alternative to traditional bituminous coal since the ...
www.femoranshs.com/site/.../QSR-72-201_PRB_article_-Final.pdf
F.E. Moran Special Hazard Systems is an industry expert in designing, fabricating and installing fire protection systems in coal handling facilities. Over the past ...
www.femoranshs.com/coal-handling/
When standard fire protection installation and design proved dated, F.E. Moran Special Hazard Systems and a Texas coal-fired power plant chose to think ...
www.femoranshs.com/coal-fired-power-plant-turbine-building-case-study/
Case Study - Fire Protection for Coal Plant Transformers. F.E. Moran Special Hazard Systems used their expertise, resources and efficient project management ...
www.femoranshs.com/coal-plant-case-study/