Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Foresight Energy LP    FELP   US34552U1043

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Foresight Energy : Provides Hillsboro Mine Update

07/21/2014 | 09:28am US/Eastern

Foresight Energy LP (NYSE: FELP), a Delaware limited partnership, announced that efforts to extinguish the fire at its Hillsboro Energy LLC’s Deer Run Mine continued over the weekend, including pumping water into the mine. The results were encouraging as carbon monoxide readings declined significantly. Foresight, together with the Mine Safety and Health Administration ("MSHA"), is presently attempting to corroborate the monitoring readings with conditions underground. Various protocols and procedures must be implemented before it can be verified that the fire has been extinguished.

The fire occurred and was contained in a tail-gate section of a previously mined area and was not near current development or longwall operations of the mine.

Since production ceased on Tuesday, the mine’s customers have been serviced from Hillsboro Energy’s inventory. No force majeure has yet been declared but the company is reserving all of its rights under various coal supply agreements until it has a better understanding of the impact on its long term production.

Although the full extent of the damage cannot be determined until MSHA determines it safe to enter the mine, Foresight does not currently anticipate that this event will have a material adverse effect on partnership results.

About Foresight Energy LP

Foresight Energy LP is a leading coal producer in the Illinois Basin region of the United States with over three billion tons of coal reserves currently supporting four mining complexes. Our logistics give each of these mining complexes multiple modes of transportation to reach the end-users of our coal, including rail, barge and truck. We serve both the domestic and international markets.

© Business Wire 2014
React to this article
01/23 FORESIGHT ENERGY : Schedules Fourth Quarter and Full Year 2014 Earnings Call
01/20 FORESIGHT ENERGY : Entry into a Material Definitive Agreement (form 8-K)
2014 THURSDAY SECTOR LAGGARDS : Metals & Mining, Non-Precious Metals & Non-Metallic M..
2014 FORESIGHT ENERGY : Management's Discussion and Analysis of Financial Condition a..
2014 FORESIGHT ENERGY : Announces Third Quarter 2014 Results
2014 FORESIGHT ENERGY : Results of Operations and Financial Condition, Financial Stat..
2014 FORESIGHT ENERGY : Schedules Third Quarter 2014 Earnings Call
2014 FORESIGHT ENERGY : Schedules Third Quarter 2014 Earnings Call
2014 FORESIGHT ENERGY : Mine Safety - Reporting of Shutdowns and Patterns of Violatio..
2014 FORESIGHT ENERGY : Announces New Board Member
Duration : Period :
Foresight Energy LP Technical Analysis Chart | FELP | US34552U1043 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes