MEC, Bowie Partner to Create Canyon Consolidated Resources

Murray Energy Corp. (MEC), Bowie Resource Partners, Javelin Global Commodities, and Grupo CLISA have agreed to form a strategic partnership called Canyon Consolidated Resources (CCR), which will produce approximately 13 million tons per year (t/y) and own 214.8 million tons of coal reserves.

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Gardner is Nominated to Lead OSM

U.S. President Donald Trump nominated Steven Gardner to be the director of the Office of Surface Mining, Reclamation and Enforcement (OSM) at the U.S. Department of the Interior. U.S. Secretary of the Interior Ryan Zinke hailed Gardner’s nomination.

“When confirmed, Steve will be an unbelievable asset to coal country and the entire team at the Department of the Interior,” said Secretary Zinke. “Steve is highly regarded in the mining industry for his extensive experience and insight.”

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SEC Files Complaint Against Rio Tinto Over RTCM

The U.S. Securities and Exchange Commission (SEC) filed a complaint in relation to Rio Tinto’s disclosures and timing of the impairment of Rio Tinto Coal Mozambique (RTCM). The impairment was reflected in Rio Tinto’s 2012 year-end accounts. Rio Tinto said it intends to defend itself against these allegations.

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