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[quote user="MP173"]<p>The 1964 trip to Pueblo was highlighted by the Royal Gorge trip. Second best event (other than the ride on the Colorado Eagle) was a trip to the CF&I steel mill. My great uncle was a foreman there and we got a little tour.</p><p>I forgot about the C&W. Looking it up in Moody's, it appears to be a subsidiary of the CF&I, much like the EJE was for USSteel. Looks like they had a tidy little operation in 1979 with $11.5 million in revenue bringing $3.2 million down to net. </p><p>I assume the Minnequa Works was in Pueblo...correct me if I am assuming wrong. Is the Pueblo CF&E mill gone? I believe it is. </p><p>[/quote]</p><p>Correct, C&W was a CF&I subsidiary, and Minnequa was CF&I's company town on the south side of Pueblo where the mill was located (just like Gary). As you know most steel mills had a common-carrier rail operation in order to obtain the originating carrier's participation in the through rate, to achieve direct interchange with all or most of the trunk lines serving that city, and secondarily to switch the plant. The CF&I mill is not gone but is no longer an integrated mill, only a mini mill. The blast furnaces were permanently blown out in 1983 and subsequently demolished. CF&I went bankrupt and emerged as Rocky Mountain Steel Mills, which was subsequently purchased by Oregon Steel Mills, and a few weeks ago OSM was purchased by a Russian steel company. Minnequa was always a "western" steel mill rolling products needed in the west: rail, barb wire, oilfield pipe and drill stem, light structural shapes, as opposed to a plate and sheet mill typical of eastern steel mills. It still rolls rail, drill stem and oilfield pipe, wire products, and merchant bar. Minnequa does not have the capability of producing the high-quality head-hardened rail now used by high MGT main lines, and rolls 136# control-cooled rail used for secondary tracks, yards, sidings, etc.</p><p>[quote] </p><p>Mr. Hadid, earlier you mentioned "steam coal". Would you mind defining, in layman's terms of course, what that is, as compared to other coal. Or perhaps a internet reference. </p><p>[/quote]</p><p>"Steam coal" is coal used to generate steam in a electric utility station. It's a category. Other categories of coal are "met coal" used to make coke for metallurgical purposes, "lump coal" or "heating coal" used for domestic heating on grates (a category that scarcely exists now), and "railway coal" (a category that has ceased to exist). If someone refers to steam coal, that tells you something about not only the purpose of the coal but the chemical characteristics of the coal and size of the coal. Some of the mines in Colorado and Utah did produce met coal, notably the Allen Mine on the C&W west of Trinidad, Colo.; Somerset Mine on the North Fork Branch at Somerset, Colo.; Mid-Continent Mine in Coal Basin above Carbondale, Colo., on the Aspen Branch; Geneva Mine in Horse Canyon on the Carbon County Railway (Utah); and Sunnyside Mine at Sunnyside on the Sunnyside Branch (Utah). All of this except for Mid-Continent was "met coal" of a quality that a Pittsburgh Seam miner would sneer at, and it was always difficult for the western steel mills to produce a really good coke from it. Often it was blended with small quantities of coal from Oklahoma to try and produce a decent coke.</p><p>[quote] </p><p>It appears Mr. Anschultz (sp) did quite well with his purchase of the DRGW. Based on your earlier assessment, he pretty much go the railroad for nothing, when applying assets and cash to the purchase price. What about his purchase of the SP? Was that done primarily to provide an outlet for DRGW, or was that also an asset play? </p><p>[/quote]</p><p>It was obvious after BNSF that UP had to have the SP. The D&RGW didn't need an outlet; other railroads were only too happy to accept its high-revenue coal trains. SP needed the D&RGW but D&RGW didn't need the SP. </p><p>[quote] </p><p>Did I not read recently that he resigned as a director of UP? Obviously he parlaid his purchase of DRGW into quite a stake into today's railroading structure. Isnt his holdings about 10 - 15% of UP stock?</p><p>He seems to fly a bit under the radar. I havent read too much about him. Is that intentional on his behalf, or have I simply not found anything on him?</p><p>ed</p><p>[/quote]</p><p>I'm not the one to comment.</p><p>S. Hadid </p>
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