Sunday, December 02, 2018 1:00 am
Bankrupt coal firm to grow mine
A major coal mine expansion in southeastern Montana received a preliminary green light from state and federal officials Friday even as the mine's owner remains tied up in bankruptcy proceedings with plans to sell the property.
Officials released an 800-page environmental study of Westmoreland Coal Co.'s expansion of the Rosebud Mine that clears the way for a final decision in coming months.
The move to advance the Montana project came after environmentalists pressed unsuccessfully for a delay until the mine's fate is determined in January. The 70 million-ton expansion would keep the mine operating for 19 more years.
A federal bankruptcy judge recently approved plans to auction Rosebud and other company assets Jan. 22.
Advance Auto Parts moving to Raleigh
Advance Auto Parts Inc. is moving its headquarters from the Virginia city of Roanoke that was its home for nearly 90 years to North Carolina's tech-heavy capital city, the company announced last week.
The parts retailer plans to continue employing about 600 employees in Roanoke, but the headquarters move and expansion in Raleigh were prompted by the relative ease in attracting computer-savvy talent as the company broadens its online presence, CEO Tom Greco said.
The move adds about 435 jobs in Raleigh, most in data analytics, internet commerce and other computer technology roles.
The jobs must pay an average of $96,000 a year and Advanced Auto Parts must maintain more than 700 positions already in North Carolina in return for an $11 million package of state and local incentives approved Wednesday.
Honeywell to move HQ to Charlotte
Honeywell International Inc. announced that it plans to move its headquarters from Morris Plains, New Jersey, to Charlotte, North Carolina, where it sees better opportunities for recruiting executive talent and will be closer to its operating units.
About 800 employees will remain at its current offices in Morris Plains, according to a statement last week.
Honeywell will employ about 750 workers at its new site by the end of 2024, including at least 150 executives from Morris Plains, who will begin moving in the first half of next year.