Copying and distributing are prohibited without permission of the publisher

(AMM) International Coal Group mine development in W.Va. gets 'go'

March 11, 2010 - 15:37 GMT Location: PITTSBURGH

KEYWORDS: International Coal Group , metallurgical coal , Tygart

International Coal Group Inc. (ICG) plans to proceed with development of a West Virginia metallurgical coal mine following a nearly year-long delay.

"Our current business plan anticipates that we will resume construction on the Tygart project in mid-2011, with early development production projected for late 2012," according to Ben Hatfield, chief executive officer and president of the Scott Depot, W.Va.-based mining operation.

The plan to move forward follows a decision by...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Iron Ore & Coking Coal

May 24, 2012 18:27 Usiminas sticks to 29m tpy iron ore target
May 24, 2012 17:15 IRON ORE DERIVATIVES WRAP: Volumes fall as index edges up
May 24, 2012 15:28 MMTC extends iron ore contracts with Japan, South Korea mills
May 24, 2012 12:44 Bellzone’s first Forecariah ore shipment not expected until Q3
May 24, 2012 12:42 Severstal resources division sales down 9% in Q1

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.