Contura Announces Partial Idling of Cumberland Mine
Support Functions Idled to Reduce Mine Costs Over the Weekend
BRISTOL, Tenn., November 15, 2019 – Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the temporary idling of certain support functions at its Cumberland longwall mine in Greene County, Pennsylvania. Due to adverse seam geology in the form of a soft fire clay bottom on the longwall section, and in an effort to reduce mine costs, management made the decision the afternoon of November 14 to temporarily idle support functions, including continuous miner development and preparation plant facilities, effective Friday, November 15. The partial idling of Cumberland mine is anticipated to end on or before Monday, November 18, when the mine is expected to return to more manageable bottom conditions. Support functions will resume once the temporary idling is complete.
Operations will continue at a reduced rate on Cumberland’s longwall section during the temporary idling, and coal will continue to ship from both Cumberland’s preparation plant and the Labelle river terminal.
“The team at Cumberland has been working through intermittent issues in recent days to get through a challenging, but temporary, routine issue in the seam geology,” said chairman and chief executive officer, David Stetson. “The decision was made late yesterday afternoon to reduce support mine costs over the weekend while the longwall operation resolves these issues, and we expect support functions to resume their normal duties as soon as Monday once the longwall returns to more manageable bottom conditions.”
ABOUT CONTURA ENERGY
Contura Energy (NYSE: CTRA) is a Tennessee-based coal supplier with affiliate mining operations across major coal basins in Pennsylvania, Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Contura Energy reliably supplies both metallurgical coal to produce steel and thermal coal to generate power. For more information, visit www.conturaenergy.com.
This news release includes forward-looking statements. These forward-looking statements are based on Contura’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Contura’s control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Contura to predict these events or how they may affect Contura. Except as required by law, Contura has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur.