Foresight still trying to solve problems at Deer Run mine; to lay off 100 workers

Foresight Energy LP (NYSE: FELP) reported Jan. 6 that its subsidiary, Hillsboro Energy LLC, is continuing its efforts to extinguish the March 2015 combustion event within the longwall district at Hillsboro’s Deer Run Mine located near Hillsboro, Illinois.

To date, efforts have not been successful, and the company said it is uncertain as to when and if production will resume at this operation. It continues to work closely with the U.S. Mine Safety and Health Administration and to explore alternatives for resolving this issue.

Additionally, Foresight has announced it will reduce the workforce associated with all of its operations by 100 miners, as a result of current market conditions and the current status of Hillsboro’s Deer Run Mine.

Foresight is a leading coal producer in the Illinois Basin with control of over three billion tons of coal reserves currently supporting four mining complexes. Foresight’s logistics give each of its mining complexes multiple modes of transportation to reach the end-users for its coal, including rail, barge and truck. Foresight serves both the domestic and international markets.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.