Word: riche
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...this desolate spot, like so many other abandoned small towns in Appalachia, is a gateway to hidden wealth. Deep within Boone County are rich seams of coal, holding some 3.6 billion tons of the black stuff and millions in profits - and much of it sits in Cherry Pond Mountain, a few miles from Lindytown. The largest coal-mining company in the region - Massey Energy, based in Richmond...
...Louis, employ a particularly destructive form of excavation called mountaintop mining, which exposes entire coal seams by blowing off a mountain's summit; used mostly in Appalachia, such mining produces 130 millions tons of coal in the region per year. It's less popular in other coal-rich spots such as Texas, where the coal is deeper underground and requires a different kind of mining to unearth. Coal companies say mountaintop mining is also cheaper than traditional mining: rather than burrowing under or digging through the "overburden" (the soil, trees and rock that lie on top of coal seams), which...
...American combat forces plan to withdraw in the summer, the election appears to have yielded another period of political uncertainty. Until now, Iraqi politicians have managed to hold things together by deferring decisions on some of the toughest points of contention, such as the status of Kirkuk - the oil-rich northern city coveted by the autonomous Kurdish region, a claim fiercely resisted by the Arab majority, first and foremost the Sunnis who live in the area - and the mechanisms for sharing the country's oil wealth. Cobbling together a new ruling coalition is unlikely to see any decisive resolution...
...risk than they were in the past. They point to oil production in south Sudan, where a 20-year civil war that ended in 2005 threatens to reignite. "Definitely, there is a sense that there are discoveries to be had," says Aly-Khan Satchu, a financial adviser who runs Rich Management in Nairobi. "The reality and the perception of risk are narrowing...
...That poor distribution of wealth has also sparked conflict in Nigeria's oil-rich southern Delta region, where militants lobbying for a greater share of oil revenue regularly blow up pipelines and kidnap foreign oil workers. Andrew Kakabadse, professor of international management development at the U.K.-based Cranfield School of Management, says oil companies have at various times pitted ethnic factions against one another for economic gain. (See pictures of Lagos...