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Contura Energy Announces Temporary Operational Changes

Coal News - Published on Mon, 06 Apr 2020

Image Source: Contura Energy Coronavirus Outbreak
Leading US coal supplier Contura Energy Inc announced temporary operational changes in response to market conditions, existing coal inventory levels, and recent customer deferrals due to concern around the global economic impact of the coronavirus pandemic. Beginning April 3, 2020, the majority of Contura operations will be idled for a period of approximately 30 days, with some sites idling for shorter periods of time and a few continuing to operate at a near-normal rate of production. Location-specific schedules are being implemented based on existing customer agreements, current inventory levels, and anticipated customer demand. Certain preparation plants, docks, and loadouts will continue operating to support business needs and customer shipments.

Regardless of production schedule or idle status, all Contura operations will continue to be monitored and maintained with regard to safety and environmental compliance.

In connection with these changes and the continued uncertainty around the impact of the coronavirus, Contura is also withdrawing its previously announced guidance for 2020.

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Posted By : Yogender Pancholi on Mon, 06 Apr 2020
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