In the news today…
Mining:
- E&E News PM reports House Natural Resources Chair Raúl Grijalva (D-Ariz.) and Sen. Martin Heinrich (D-N.M.) announced they introduced two bills that would update the nation’s primary mining law, the General Mining Act of 1872.
- Politico Pro reports Democratic lawmakers in both the House and Senate on Tuesday introduced similar versions of a bill to reform hardrock mining taxes and cleanup rules against a backdrop of soaring demand for minerals.
- Bloomberg reports Arch Resources Inc. will give investors a dividend of $8.11 a share, as a global boom in coal helped the U.S. mining giant post its strongest earnings in five years.
Coal:
- Argus reports US coal producer Arch Resources expects increased domestic demand for thermal coal this year amid higher natural gas prices.
- Axios reports there’s a huge gap between the persistence of coal consumption and rapid moves away from the most carbon-heavy fuel needed to keep global climate goals viable.
Energy:
- E&E Daily reports Democrats aren’t giving up on a reconciliation package, despite a new round of bipartisan talks led by Sen. Joe Manchin that threatens to complicate a “Build Back Better” revival.
World News:
- Associated Press reports China is promoting coal-fired power as the ruling Communist Party tries to revive a sluggish economy, prompting warnings Beijing is setting back efforts to cut climate-changing carbon emissions from the biggest global source.