Word: pittston
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...another proposal is in trouble. The Pittston Co., a big oil-distribution and coal-mining corporation (1972 sales: $625 million), wants to put up a 250,000-bbl.-per-day refinery in East port (pop. 2,000), where Maine meets Canada. Like Durham, Eastport has a glorious, wild shoreline with rocky peninsulas, twisting coves and hidden bays. It also has a deepwater harbor big enough to accommodate today's enormous supertankers. But, unlike Durham, it is a gray and decaying town. Eastport is too far from big cities to be a summer haven for tourists, and so its economy...
...Pittston refinery would be an economic bonanza, and thus has some local support. It would cost $350 million to build and would pay about 90% of Eastport's tax bill. The refinery and its storage tanks would cover 650 acres -and under Maine law, Pittston must either own or have firm options on the land before it can get state approval for the project. The requirement hikes the value of as yet unsecured parcels...
...Pittston is said to have offered Mearl Corp., which transforms fish scales into raw materials for shirt buttons and lipstick, as much as $7 million for a key 35-acre plot...
Consolidation Coal Continental Oil 64.9 Appalachia, Midwest Island Creek Coal Occidental Petroleum 22.6 Appalachia Clinchfield Coal Pittston 20.6 Appalachia Amax Coal American Metal Climax...
...account for almost half of the nation's production. Four are owned by large metals manufacturers, which are skilled at mining and shipping ores and use much coal in their smelters and blast furnaces. Four others are owned by oil or gas companies. Another, Clinchfield, is owned by Pittston Co., which also has oil interests. Only one of the Big Ten, North American Coal, is independent...