Latest news with #coalmining
CBC
3 hours ago
- Business
- CBC
Alberta pays out $143M to company over coal policy reversal
Alberta is paying out more than $140 million to end one of five lawsuits launched against it over its coal mining policies. A notice published online by Atrum Coal says the company has agreed to end its lawsuit and surrender its land back to the province in exchange for the payment. The company says it received just under $137 million last week and will receive another $6 million after it completes some reclamation work. Atrum was one of two companies suing the province that announced last month that settlements were reached, but the other, Evolve Power, has yet to share details. The companies are among five that are suing Alberta for a collective $16 billion. They argue that Alberta effectively expropriated their land after it suddenly reinstated its long-standing coal policy in 2022 less than two years after it was lifted and companies had been encouraged at that time to buy land for potential mining projects.
CTV News
3 hours ago
- Business
- CTV News
Alberta pays out $143 million to company over coal policy reversal
Grassy Mountain, peak to left, and the Grassy Mountain Coal Project are seen north of Blairmore, Alta., Thursday, June 6, 2024. (THE CANADIAN PRESS/Jeff McIntosh) Alberta is paying out more than $140 million to end one of five lawsuits launched against it over its coal mining policies. A notice published online by Atrum Coal says the company has agreed to end its lawsuit and surrender its land back to the province in exchange for the payment. The company says it received just under $137 million last week and will receive another $6 million after it completes some reclamation work. Atrum was one of two companies suing the province that announced last month that settlements were reached, but the other, Evolve Power, has yet to share details. The companies are among five that are suing Alberta for a collective $16 billion. They argue that Alberta effectively expropriated their land after it suddenly reinstated its long-standing coal policy in 2022 less than two years after it was lifted and companies had been encouraged at that time to buy land for potential mining projects. This report by The Canadian Press was first published July 23, 2025. Jack Farrell, The Canadian Press
Yahoo
4 hours ago
- Business
- Yahoo
Alberta pays out $143 million to company over coal policy reversal
EDMONTON — Alberta is paying out more than $140 million to end one of five lawsuits launched against it over its coal mining policies. A notice published online by Atrum Coal says the company has agreed to end its lawsuit and surrender its land back to the province in exchange for the payment. The company says it received just under $137 million last week and will receive another $6 million after it completes some reclamation work. Atrum was one of two companies suing the province that announced last month that settlements were reached, but the other, Evolve Power, has yet to share details. The companies are among five that are suing Alberta for a collective $16 billion. They argue that Alberta effectively expropriated their land after it suddenly reinstated its long-standing coal policy in 2022 less than two years after it was lifted and companies had been encouraged at that time to buy land for potential mining projects. This report by The Canadian Press was first published July 23, 2025. Jack Farrell, The Canadian Press
Fast Company
2 days ago
- Business
- Fast Company
The Trump administration is pushing to open new coal mines that will likely never turn a profit
This story was originally published by Grist. Sign up for Grist's weekly newsletter here. It looked for a while like the coal mining era was over in the Clearfork Valley of East Tennessee, a pocket of mountainous land on the Kentucky border. A permit for a new mine hasn't been issued since 2020, and the last mine in the region shuttered two years ago. One company after another has filed for bankruptcy, with many of them simply walking away from the ecological damage they'd wrought without remediating the land as the law requires. But there's going to be a new mine in East Tennessee—one of a few slated across the country, their permits expedited by President Donald Trump's declaration of an 'energy emergency' and his designating coal a critical mineral. Trump was only hours into his second term when he signed an executive order declaring a national energy emergency that directed federal agencies to 'identify and exercise any lawful emergency authorities available to them' to identify and exploit domestic energy resources. The administration also has scrapped Biden-era rules that made it easier to bring mining-related complaints to the federal government. The emergency designation compresses the typically years-long environmental review required for a new mine to just weeks. These assessments are to be compiled within 14 days of receiving a permit application, limiting comment periods to 10 days. The process of compiling an environmental impact statement—a time-intensive procedure involving scientists from many disciplines and assessments of wildlife populations, water quality, and other factors—is reduced to less than a month. The government insists this eliminates burdensome red tape. 'We're not just issuing permits—we're supporting communities, securing supply chains for critical industries, and making sure the U.S. stays competitive in a changing global energy landscape,' Adam Suess, the acting assistant secretary for land and minerals management at the Interior Department, said in a statement. A representative of the Office of Surface Mining Reclamation and Enforcement told Grist that community safety is top of mind, pointing to the administration's $725 million investment in abandoned mineland reclamation. The Department of Interior ruled that a new mine slated for Bryson Mountain in Claiborne County, Tennessee, would have 'no significant impact' and approved it. It will provide about two dozen jobs. The strip mine will cover 635 acres of previously mined land that has reverted to forest. Hurricane Creek Mining, LLC plans to pry 1.8 million tons of coal from the earth over 10 years. The Clearfork Valley, which straddles two rural counties and has long struggled economically, bears the scars of more than a century's underground and surface mining. Local residents and scientists regularly test the creeks for signs of bright-orange mine drainage and other toxins. The land is part of a tract the Nature Conservancy bought in 2019 for conservation purposes, but because of ownership structures in the coalfields, it owns only the land, not the minerals within it. 'We have concerns about the potential environmental impacts of the operation,' the organization said in a statement. 'We seek assurance that there will be adequate bonding, consistent and transparent environmental monitoring, and good reclamation practices.' Matt Hepler, an environmental scientist with environmental advocacy group Appalachian Voices, has been following the mine's public review process since the company applied for a permit in 2023. He remains skeptical that things will work out well for Hurricane Creek Mining. Despite Trump's promise that he is 'bringing back an industry that's been abandoned,' coal has seen a steady decline, driven in no small part by the plummeting price of natural gas. The number of people working the nation's coal mines has steadily declined from 89,000 or so in 2012 to about 41,300 today. Production fell 31 percent during Trump's first term, and has continued that slide. 'What is this company doing differently that's going to allow them to profitably succeed while so many other mines have not been able to make that work?' he said. 'All the time I've been working in Tennessee there's only been a couple of mines permitted to begin with because production has been on the downswing there,' Hepler added. Economists say opening more mines may not reverse the global downward trend. Plentiful, cheap natural gas, along with increasingly affordable wind and solar, are displacing coal as an energy source. The situation is so dire that one Stanford University study argued that the gas would continue its climb even with the elimination of coal-related regulations. Metallurgical coal, used to make steel—and which Hurricane Creek hopes to excavate —fares no better. It has seen flat or declining demand amid innovation in steel production. Expedited permits are leading to new mines in the West as well. The Department of Interior just approved a land lease for Wyoming's first new coal mine in 50 years. Ramaco Resources will extract and process the material in order to retrieve the rare earth and other critical minerals found alongside it. The Trump administration also is selling coal leases on previously protected federal land. Shiloh Hernandez, a senior attorney at the Northern Rockies office of the environmental nonprofit Earthjustice, thinks it is a fool's errand. 'I don't see them changing the fundamental dynamics of coal,' he said. 'That's not to say that the Trump administration won't cause lots of harm in the process by both making the public pay more money for energy than they should and by keeping some of these coal plants and coal mines that really are zombies.' Still, Hernandez said he isn't seeing many new permits, just quicker approval of those already in the pipeline. That said, the Trump administration's moves to streamline environmental review will reduce oversight and the time the public has to scrutinize coal projects. 'The result is there's just going to be it's going to be more difficult for the public to participate, and more harm is going to occur,' Hernandez said. 'There's going to be less attention to the harm that's caused by these operations.'
Free Malaysia Today
2 days ago
- Business
- Free Malaysia Today
SMM denies report on mining licence for Bumi Suria
Sabah Mineral Management Sdn Bhd said it does not have the jurisdiction to award or issue licences. (Sabah Mineral Management pic) PETALING JAYA : Sabah Mineral Management Sdn Bhd (SMM) has denied a news report claiming that it awarded an exploration licence to a company owned by businessman Farhash Wafa Salvador Rizal Mubarak. In a statement to FMT, SMM CEO Natasha Sim said the state government agency was not a licence-awarding body. 'Nor do we have jurisdiction to award or issue licences,' she said. Earlier today, MalaysiaNow reported that SMM had awarded Bumi Suria Sdn Bhd an exploration licence for coal mining. According to the portal, Bumi Suria is jointly owned by Farhash and Aminuddin Mustapha. The report said it had been granted exclusive rights to explore and search for minerals on 70,000 hectares in the Kalabakan and Gunung Rara forest reserves near the Kalimantan border. However, Sim said that Bumi Suria had never been issued or awarded any prospecting licence by the state government.
