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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?


To: LoneClone who wrote (38061)6/3/2009 6:49:31 PM
From: LoneClone  Read Replies (1) | Respond to of 193129
 
Consol announces plans to trim production 2M tons
Wednesday June 3, 6:09 pm ET

ca.us.biz.yahoo.com

Coal mine operator Consol Energy announces plans to idle mines, cut 2009 production by 2M tons

CHARLESTON, W.Va. (AP) -- Coal producer Consol Energy says it's cutting 2009 production guidance due to weak demand.

Canonsburg, Pa.-based Consol announced the cuts Wednesday, saying it now expects to produce 60 million tons of coal this year, down from 62 million.

Consol says production is being cut at its Blacksville No. 2 mine in northern West Virginia. The mine's longwall -- a high-efficiency mining machine -- was idled Tuesday and will remain out of service through July 18.

Consol earlier said it was idling a mine in eastern Kentucky and another in southern West Virginia July 1.

The company says it plans to resume production at its Buchanan mine in southwestern Virginia in mid-July.

Consol, the largest underground U.S. coal producer, operates in West Virginia, Kentucky, Pennsylvania, Ohio and Utah.