DTC Coal “Intra-Day” Flash
DTC Flash©: Murray Energy Acquires Goldman’s Colombian Assets
The Intra Day Flash provides you with the major breaking news and opinion on how this impacts the industry before any other source. You will be first to not only know what has happened but also receive informed opinion of the affects this news will have. We identify the market moving catalysts and announcements that the market is waiting for with regulation and company news.
DTC Flash©: Contura Sells PRB Mines
Contura Energy Sells PRB Mines: Following up on market chatter we reported last Thursday, this morning Contura Energy announced it has completed the sale of its Belle Ayr and Eagle Butte mines to Blackjewel LLC for $50 mm in deferred royalty payments, as well as the assumption of $200 mm in reclamation liabilities. Included in the sale are approx. 600 mm tons of proven and probable PRB reserves, related equipment and infrastructure and other real properties. Blackjewel LLC is an affiliate of the Jeff Hoops/Revelation Energy group.