Alpha Natural Resources (ANR, Inc.) announced that it has entered into an Asset Purchase Agreement with Lexington Coal Company (LCC) to convey real and personal properties located in Kentucky, Illinois, Tennessee and West Virginia. The conveyance will include approximately 280 permits, substantial reclamation equipment, ongoing royalty payments associated with these properties and 100 million tons of reserves. While the specific economic terms were not disclosed, LCC will receive approximately $204 million in cash at the time of closing and $112 million in installment payments to assist in the fulfillment of bonding, reclamation, water treatment and other obligations associated with the conveyed properties and permits.
A team from the Tickle College of Engineering is continuing its work with Great Smoky Mountains National Park and Friends of the Smokies to redesign and manufacture its visitor donation boxes.
Today, the U.S. Department of Energy's Better Buildings Challenge recognized Loews Hotels & Co. for the energy efficiency upgrades made at the Vanderbilt Hotel through the company's showcase project. Through the Better Buildings Challenge, Loews has set a goal to reduce energy use across all of its hotels by 20% in ten years. Over the past two years, the Vanderbilt hotel has improved its energy efficiency by 22% and achieved a total energy cost savings of $328,250.
When Henri D. Grissino-Mayer, a professor of geography at the University of Tennessee, Knoxville, heard about the forest fires threatening Gatlinburg, he was not surprised.
For years, Grissino-Mayer has been giving talks throughout Tennessee and the Southeast on the subject "Will Our Great Smoky Mountains One Day Go Up in Flames?" In the talk, he highlights how Gatlinburg is the epitome of a fire hazard because the mountain village is located at what is called the "wildland-urban interface."
Vast areas of Knoxville and Knox County south of the Tennessee River have often been referred to as an urban wilderness, an area where people can enjoy nature just a short distance from downtown.
Now, a collaboration of researchers from the University of Tennessee, Knoxville, are helping to restore Baker Creek, which has been flagged by the US Environmental Protection Agency for its high rates of pathogens, nitrates and nitrites, and habitat alterations.
The University of Tennessee, Knoxville, in partnership with West Virginia University, has received a $349,999 from the Appalachian Regional Commission and the U.S. Economic Development Administration to study the consequences of falling coal demand on the Appalachian region.