CONSOL Energy announced it will re-start
the longwall at its Blacksville mine on
May 1. “The company has largely conclud-ed negotiations with thermal coal cus-tomers concerning deferred shipments,
enabling us to resume our thermal guid-ance for the second quarter and beyond,”
said Brett Harvey, chairman and CEO,
CONSOL Energy. “A similar situation exists
in the coking coal markets, where overseas
steelmakers have been taking advantage of
a lull in the strong longer term market to
pressure coal producers into accepting
prices lower than the benchmark.”
CONSOL idled its longwall at Buchanan,
effective March 9, in an effort to refrain
from selling its premium hard coking coal at
a discount. As a result of extensive negotia-tions, CONSOL has now come to terms with
its customers and, as a result, will re-start
the longwall at Buchanan also.
As featured in Womp 2012 Vol 05 - www.womp-int.com