Cliffs Natural Resources to idle West Virginia coal mine
Unless market conditions improve, the Pinnacle metallurgical coal mine in West Virginia faces idling, according to the mine’s owner, Cliffs Natural Resources.
The company has already notified workers that the mine may be idled for more than six months from 25 August, as required under the Worker Adjustment and Retraining – or WARN Act.
Cliffs, in the midst of a proxy fight with hedge fund Casablanca Capital which wants to replace its chief executive, said in a separate statement that an estimated 397 employees could be affected.
The Pinnacle mine began operations in 1969, producing 2.8 million short t of metallurgical coal in 2013.
The Pinnacle coal mine in West Virginia set a new daily low-seam coal production record in April this year – producing 35 724 short t (32 411 t) over a 24 hour period on 10 – 11 April from a 980 ft (298 m) longwall in the Virginia Pocahontas No. 3 seam.
Edited from various sources by Sam Dodson
Read the article online at: https://www.worldcoal.com/coal/25062014/west_virginia_coal_mine_to_be_idled_1020/
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