David Khani News
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The biggest floods in Queensland, Australia, in half a century are turning into a windfall for U.S. coal mining companies anticipating record profits and the highest exports in 15 years.
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With maps of 675 square miles of his Illinois mines before him, Chris Cline recalls the moment he knew the coal in those mines would be worth billions of dollars.
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Chris Cline became a billionaire by betting on a dirty fuel the world can’t get enough of.
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Alpha Natural Resources Inc. , the third-biggest U.S. coal producer, said it’s assessing opportunities to expand its operations.
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Massey Energy Co. , owner of the West Virginia mine where 29 people died in April, surged after it said Chief Executive Officer Don Blankenship will retire at the end of this month.
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Massey Energy Co. , owner of the Upper Big Branch coal mine where 29 people died in April, plunged a day after it said it expects to report a third-quarter operating loss and lowered its shipment forecast.
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