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Social risks accelerate in coal sector – report


Social risks accelerate in coal sector – report
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Stock image.)
Increasing social risk is leading larger mining companies to divest coal-related assets, and social opposition to coal production leaves coal assets increasingly concentrated among companies that specialize in coal production, rather than diversified groups, a new report by Moody’s Investor Service has found.
Pure-play coal companies generally have weaker credit quality, with demand fading in some markets combined with a lack of product diversity, Moody’s points out.
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All pure-play coal companies are rated below investment-grade today. In Moody’s analysis of dozens of global sectors, researchers have determined that the coal industry has very high social risk with thermal coal facing more significant risk than metallurgical (met) coal used in steelmaking. ....

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Hypocrisy from UMWA President Cecil Roberts after rebuke by Warrior Met coal miners in Alabama


Hypocrisy from UMWA President Cecil Roberts after rebuke by Warrior Met coal miners in Alabama
On Monday, Cecil Roberts, the long-time president of the United Mine Workers of America (UMWA) union, released a video statement on the two-week-long strike by 1,100 coal miners at Warrior Met Coal in central Alabama.
Although the video lasts only three minutes and 19 seconds, and was shot from the comfort of his Washington, D.C., office, Roberts appears nervous and unsteady as he hypocritically declares his support for the miners and piles one lie on another. This is no doubt the result of the fact that only a few days earlier, the UMWA president was shouted down and run out of town by striking miners when he attempted to ram through a five-year pro-company contract. “It got hostile up there,” one miner told the ....

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US Mine Disasters Fast Facts | NewsChannel 3-12


Here’s a look at mine disasters, accidents and deaths in the United States.
Timeline
December 6, 1907 – Worst coal mine disaster in US history: 362 miners are killed in an explosion at the Monongah Nos. 6 and 8 Coal Mines in Monongah, West Virginia.
November 13, 1909 – 259 miners are killed in a fire at the Cherry Mine in Cherry, Illinois.
October 22, 1913 – An explosion kills 263 at the Stag Canon No. 2 coal mine in Dawson, New Mexico.
June 8, 1917 – 163 miners are killed in a fire at the Granite Mountain Shaft Mine in Butte, Montana.
January 10, 1940 – 91 miners are killed by an explosion at Pond Creek No. 1 in Bartley, West Virginia. ....

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