Word: coal
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Mitchell Samples came out of Strange Creek, W. Va. The son of a coal miner, he is not the sort of man to question an order to report to his draft board...
...Bermuda-based Mineral and Resources Corp. (assets: $2.4 billion), which is already a leading foreign investor in the U.S. through its 27% ownership of the giant Engelhard Minerals & Chemicals Corp. in New York. Last month Mineral and Resources Corp. expanded further in the U.S. with the takeover of Sovereign Coal Corp. in Bluefield, W. Va., Harman Mining in Harman, Va., and Terra Chemicals International, Sioux City, Iowa. If that sort of investment continues, Americans may come to know Harry Oppenheimer as well as South Africans...
...another 6-3 ruling, the Justices found that Montana's 30% tax on coal, the highest such levy in the nation, was not an unacceptable burden on interstate commerce, even though most of it is shipped out of the state, and therefore was valid. After the decision, residents of energy-poor regions said they would urge Congress to establish a ceiling for such taxes...
...days, Conoco's directors rejected it. One reason: though generous in terms of the stock's market value on Wall Street, the offer amounted to only about half of the company's actual net worth. Among other assets, Conoco owns the U.S.'s No. 2 coal producer, Consolidation Coal Co. of Pittsburgh, Pa., and is a major North Sea oil producer...
...Tennessee, six hours away. It's not surprising. It's a Friday night, and there probably isn't a whole hell of a lot going on in Knoxville for the weekend. The couple is in their forties. He's one of those incredibly wiry men and looks like a coal miner, only there's no coal mining in Knoxville, so he's probably a farmer. He's got cinch weed killer in the back of the truck. He's wearing a Chevy hat and chewing tobacco. There's nothing worse in the world than farming sometimes. His wife...