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Peabody Energy Falls 5%; Buying Opportunity? (BTU)
Thursday, March 10, 2011 - 2:03pm | 130Market leaders are falling fast on Thursday, as money is flowing out of energy, basic materials and technology. Today's sell-off has been triggered by concerns about slowing global growth and some bearish trade data out of China that showed that the PRC's economy may be slowing. One leading...
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Natural Resource Partners L.P. Acquires Aggregate Reserves in Kentucky and Tennessee
Thursday, March 10, 2011 - 12:42pm | 69Natural Resource Partners L.P. (NYSE: NRP) today announced that it has acquired approximately 160 million tons of aggregate reserves in Kentucky and Tennessee within the last month for a total purchase price of approximately $20.7 million. At the closings, approximately $14.7 million was funded...
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Options Brief: Uranium Energy Corp. (UEC)
Thursday, March 10, 2011 - 11:29am | 84Shares of Uranium Energy Corp. (AMEX: UEC) are lower on the session by 5.65%, trading at $4.84. Overall call volume is now running at 3.56x the daily average, with 0% of all calls traded being purchases on the offer. 1,270 contracts have traded on the session so far. Uranium Energy Corp. is an...
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Pullback in Commodities Takes Pressure Off 03-08-2011
Tuesday, March 8, 2011 - 7:21pm | 902Cusick's Corner Of the three major indices, the S&Ps finished the strongest, well off the 50-Day Moving Average. The NASDAQ was a different story, finishing well in the green but straddling that 50-Day Moving Average. The Semis (SMH) were not helping the cause, but weakness in this sector will...
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Massey Energy Subsidiary Receives U.S. Army Corps of Engineers Permit
Tuesday, March 8, 2011 - 11:09am | 97Massey Energy Company (NYSE: MEE) announced today that its Highland Mining Company subsidiary has received a permit from the United States Army Corps of Engineers to begin operation of Highland's new Reylas Surface Mine in Logan County, West Virginia. The mine will directly employ 103 local...
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Peabody Energy Named to Short List of Companies to Develop Mongolia's Tavan Tolgoi Reserve
Monday, March 7, 2011 - 4:07pm | 47Peabody Energy (NYSE: BTU) today said the Mongolian government has placed Peabody in the top tier of the short list of companies that pre-qualify to invest and cooperate in development of the Tavan Tolgoi coal deposit.
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Benzinga's Volume Movers (JRCC, STX, IOSP, SVVS)
Monday, March 7, 2011 - 12:01pm | 185James River Coal Company (NASDAQ: JRCC) shares moved up 11.70% to $22.62 at 11:00 am. The volume of JRCC shares traded was 788% higher than normal. JRCC announced its plans to acquire International Resource Partners LP for $475 million in cash. Seagate Technology Plc (NASDAQ: STX) shares rose 12....
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James River Coal Company Trading Higher Today on Takeover Talks (JRCC)
Monday, March 7, 2011 - 11:55am | 42James River Coal Company (NASDAQ: JRCC) is trading higher today on talk of a takeover. At the time of posting, shares of JRCC were trading at $22.61, up 11.68% from Friday's close.
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James River Coal Company Skyrocketing 13% On Asset Buy (JRCC)
Monday, March 7, 2011 - 10:19am | 169James River Coal Company (NASDAQ: JRCC) shares are skyrocketing this morning, up over 13% to $22.89 after the company announced it would be buying International Resource Partners LP, as well as Logan & Kanawha Coal Co. LLC for $475 million in cash. The company has effectively doubled its size...
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Alpha Natural Resources Invests in CERATECH
Monday, March 7, 2011 - 9:46am | 59Alpha Natural Resources (NYSE: ANR) has made a strategic equity investment in Alexandria, Va.-based CERATECH, Inc.. CTI manufactures a revolutionary "green cement" that utilizes 95 percent waste fly ash from electric utilities, dramatically reducing their landfill requirements while generating zero...
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Atlas Energy Announces Sale of International Resource Partners by Lightfoot Capital for $475M
Monday, March 7, 2011 - 9:26am | 68Atlas Energy, L.P. (NYSE: AHD) announced today that International Resource Partners LP has entered into an agreement to be acquired by James River Coal Company (NASDAQ: JRCC) for $475 million in cash. The transaction is expected to close in the first half of 2011, subject to closing conditions.
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Arcelor Mittal, Vale Competing For Mongolian Coal Mine
Monday, March 7, 2011 - 4:14am | 285Arcelor Mittal (NYSE: MT), the world's largest steelmaker, and Brazil's Vale (NYSE: VALE), the world's largest iron ore producer, are among six companies in a heated competition to Mongolia's Tavan Tolgoi mine, the world's largest coking coal deposit that has yet to be mined. Peabody Energy (NYSE...
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March 5, 2011: Coal, Not Yet A "Fossil"
Saturday, March 5, 2011 - 3:10pm | 415Most of us know coal as a dirty, black, smelly fossil fuel that has made investors some clean, green and sweet profits recently. I believe that investment in coal remains bullish,and here's why: 1. While the media focuses on new energy technologies, the truth is that less than of power produced...
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Calls Purchased on USEC Inc. (USU)
Friday, March 4, 2011 - 2:45pm | 137Shares of USEC Inc. (NYSE: USU) are higher on the session by 2.86%, currently trading at $5.40. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while...
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CONSOL Energy to Present at Upcoming Conference
Friday, March 4, 2011 - 1:21pm | 57CONSOL Energy Inc. (NYSE: CNX) will present at the Raymond James 32nd Annual Institutional Investors Conference on Tuesday, March 8 at 11:00 a.m. ET. The presentation will be webcast live, with slides available on the investor relations portion of the company's website: www.consolenergy.com.