MARKETS

Financing issues suspend Bowie longwall

BOWIE Resources is temporarily suspending operations at the Bowie longwall mine in Colorado as it awaits a development financing deal.

Donna Schmidt
Financing issues suspend Bowie longwall

According to The Associated Press and local media outlets, the suspension will extend at least 10 days.

General manager Dewey Tanner told AP delays in securing the long-term deal led to the decision.

“Bowie is temporarily idling the mine until upcoming transactions can be completed,” he said.

The company did not indicate how many workers would be affected by the closure.

The non-union Bowie mine commenced production in 1997 and extracts from the Paonia Somerset B and D seams via longwall and continuous mining sections.

While the mine’s coal shipper Union Pacific reported the mine has capacity of 6 million tons annually, federal records from the US Mine Safety and Health Administration listed the mine’s 2009 production as just over 1.2Mt.

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.