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Ramaco Resources to Reduce Operations at Berwind

Coal News - Published on Tue, 14 Jul 2020

Image Source: Ramaco Resources Berwind Coronavirus COVID19
Ramaco Resources Inc announced a partial closure of its Berwind low volatile development mine complex on the border of Virginia and West Virginia. Ramaco has taken this reduction measure to align current production to the weakened metallurgical coal market. Approximately 44 miners will be impacted. These personnel reductions are effective immediately. The Berwind mine will continue to run at a reduced rate to service existing customer commitments. Ramaco's Executive Chairman Randall Atkins said "The continued deterioration of both the domestic and export metallurgical coal markets, driven in large part by the COVID-19 pandemic have led us to make this difficult decision. We remain committed to the completion of our Berwind slope development to full capacity when the market has more clarity. We want to recognize the efforts of all of our coal miners who have advanced this project to date."

Ramaco Resources, Inc. is an operator and developer of high-quality, low cost metallurgical coal in southern West Virginia, south western Virginia and south western Pennsylvania. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia. The Company has five active mines within two mining complexes at this time.

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Posted By : Yogender Pancholi on Tue, 14 Jul 2020
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