In a company statement, Heath Lovell, Vice President – Operations of Alliance Coal, LLC, has indicated the company’s subsidiaries, River View Coal LLC and White County Coal LLC, are making slight reductions in operational units.
This will lead to reductions-in-force that will impact approximately 75 employees.
Lovell has said this is a necessary action due to extended weak market conditions. He indicated the company deeply regrets the impact of these decisions on employees, their families and their communities.
As previously announced, Hopkins County Coal, LLC’s Elk Creek mine remains slated to cease production in 1Q16. The future level of operation of Warrior Coal, LLC’s Cardinal mine is uncertain at this time and will depend upon market conditions.
Additionally, Alliance Coal’s subsidiary, Hamilton County Coal LLC, will also temporary layoff of approximately 200 employees. The temporary layoff became necessary as a result of weak power demand, persistently low natural gas prices, an oversupplied coal market, and overreaching regulations. The temporary layoff is projected to be lifted in the 3Q16.
Edited from press release by Harleigh Hobbs