Core Natural Resources (CNR) Resumes Longwall Operations at Leer South Mine [Yahoo! Finance]
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Source: Yahoo! Finance
Core Natural Resources, Inc. (NYSE:CNR) is a world-class producer and exporter of high-quality, low-cost coals, including metallurgical and high calorific value thermal coals. Core Natural Resources, Inc. (NYSE:CNR) received a boost on December 18 when the company revealed that it had resumed longwall operations at its Leer South metallurgical mine in West Virginia. The longwall operations at the site had been idle since the beginning of the year due to a combustion-related event. The company sealed the affected area of the mine and successfully retrieved its equipment, which was generally in good condition despite the prolonged shutdown. Core Natural Resources, Inc. (NYSE:CNR) now expects a significant improvement in financial performance due to the restart at Leer South. Moreover, the company reported that its West Elk longwall mine in Colorado is also now operating at consistent productivity levels following its transition to the B-Seam. Jimmy Brock, Chairman and CEO of Core
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