Alliance Resource Partners, L.P. Temporarily Extends the Previously Announced Cessation of Coal Production at Those Operations Through April 26, 2020
April 09, 2020 at 05:07 pm EDT
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Alliance Resource Partners, L.P. previously announced several actions it was taking in response to the rapidly evolving impact of the COVID-19 pandemic, including temporarily ceasing coal production at all of its Illinois Basin mines. At that time, the temporary idling was scheduled to last through April 15, 2020, subject to change based on the business needs of its customers. Based on available data and customer feedback as of April 9, 2020, ARLP has determined that anticipated coal supply requirements can be met currently from remaining inventory at its Illinois Basin mines, and has temporarily extended the previously announced cessation of coal production at those operations through April 26, 2020. In addition, ARLP ceased coal production at its MC Mining operation in east Kentucky in early April, and will supply coal to its customers from existing inventory until coal production is transitioned to the new Excel Mine No. 5, which is expected to occur in early May 2020. Coal production is continuing at ARLPâ s Northern Appalachian mines.
Alliance Resource Partners, L.P. is a diversified natural resource company. It is engaged in production and marketing of coal to domestic utilities, industrial users and international customers, as well as royalty income from oil & gas mineral interests. It operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties and Coal Royalties. The Illinois Basin Coal Operation includes the Gibson County Coal, LLC mining complex; the Warrior Coal, LLC mining complex; the River View Coal, LLC mining complex and the Hamilton County Coal, LLC mining complex. The Appalachia Coal Operations include the Mettiki mining complex, the Tunnel Ridge mining complex and the MC Mining, LLC mining complex. The Oil & Gas Royalties includes oil and gas mineral interests held by Alliance Minerals as well as its equity interests in AllDale III. The Coal Royalties segment includes coal mineral reserves and resources owned or leased by Alliance Resource Properties.