https://www.miningweekly.com

Pennsylvania coal mines must shut down, governor orders

20th March 2020

By: Bloomberg

  

Font size: - +

Coal miners including Consol Energy and Contura Energy must shutter their operations in Pennsylvania after the governor ordered “non-life-sustaining” businesses to close.

The order took effect Thursday night, according to a statement from Governor Tom Wolf.

Pennsylvania is the latest state to order commercial activities to shut down as governments move to slow the spread of the coronavirus. California has taken more extreme measures, telling all residents Thursday to stay home, and New York followed suit on Friday.

Consol and Contura both operate coal mines in the state, and neither immediately replied to inquiries Friday. Consol shares slumped as much as 17%, and Contura slid as much as 1.8%.

Pennsylvania issued a list of “life-sustaining businesses", that included oil and natural gas extraction, but specifically excluded coal mining.

Lucas Pipes, an analyst with B Riley FBR, said in a research note Friday that the worst-case scenario would have operations down through the second quarter, though “a shutdown lasting a week to several weeks is much more likely".

Edited by Bloomberg

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION