ARCHIVE

Patriot pulls Bluegrass plug

EMBATTLED coal miner Patriot Coal has announced its Bluegrass Complex, which includes the Patriot surface mine, is to be closed by the end of 2012.

Noel Dyson
Patriot pulls Bluegrass plug

The mine employs about 90 people. Patriot’s announcement gives no clue as to their fate.

Besides the Patriot surface mine, the complex, near Henderson Kentucky, also includes the Grand Eagle Preparation Plant.

It is expected to produce about 1.2 million tonnes of thermal coal this year.

Reclamation work will continue as the site is restored to meet regulatory requirements.

Patriot filed for Chapter 11 production in July, citing cancelled contracts and plummeting prices.

It is also the subject of a federal class action against Peabody Energy and Arch Coal – filed on behalf of 10,000 retirees and workers whose health care and pension benefits were transferred to Patriot by Peabody and Arch before the Chapter 11 bankruptcy reorganization.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.