October 2, 2020 (Coal Geology) CONSOL Energy Inc. (NYSE: CNX)will be closing the Emery Mine near Price, Utah, and that employees there will be furloughed. CONSOL Energy attributed the idling of Emery Mine to higher production costs relative to the local region and market conditions for the coal produced at the operation, which utilizes continuous mining machines and the room-and-pillar method of underground coal mine. In addition, an inventory of more than 250,000 tons of coal at the mine remains to be sold. CONSOL Energy, the leading diversified coal and gas producer in the Appalachian Basin, is a member of the Standard & Poor’s 500 Equity Index and the Fortune 500. It was recently named one of the “Top 100 Most Trustworthy” companies for 2010 by Forbes. At year-end 2009, it had 11 bituminous coal mining complexes in six states and reports proven and probable coal reserves of 4.5 billion tons. It is also the leading Appalachian gas producer, with proved reserves of 2.9 trillion cubic feet.
It is expected that the layoffs will occur during a 14-day period beginning at 12:01 a.m. on December 1, 2010 through December 14, 2010. Approximately 135 hourly and 36 salary workers at the mine will be affected by the layoff, and they were officially briefed on the situation on Friday, October 1, 2010.
“It is unfortunate that we need to take this action, since the employees at Emery Mine have worked safely for more than 400 days without a single injury, and have done everything they could to keep the operation running,” said Jimmy Brock, CONSOL Energy senior vice president – operations. “For those Emery employees who are interested and who qualify, we will offer them the option of a position at another CONSOL operation.”
It is not known how long Emery Mine will be idled.
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