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Report: Foresight Energy seeks to reopen idled Illinois coal mine

Published 12/07/2018, 07:01 PM
Updated 12/07/2018, 07:01 PM
© Reuters.  Report: Foresight Energy seeks to reopen idled Illinois coal mine
  • Foresight Energy (NYSE:FELP) appears to be moving to reopen its long-idled Deer Run longwall mine in Illinois, which it "permanently" closed last February after a "combustion event" occurred in 2015.
  • FELP subsidiary Hillsboro Mining filed a permit renewal application for Deer Run earlier this week with Illinois regulators, S&P Global (NYSE:SPGI) Platts reports.
  • The impetus for a likely restart was a recent settlement in a lawsuit between FELP and Natural Resource Partners, which holds the lease on Deer Run's mineral rights, according to the report.
  • The combustion event triggered elevated levels of carbon monoxide in Deer Run, which caused the U.S. Mine Safety and Health Administration to order the mine closed in March 2015; the mine produced 5.5M short tons of coal in 2014.
  • Now read: New Gold (NGD) Presents At 2018 Scotiabank Mining Conference - Slideshow


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