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Ottawa plans to phase out coal-fired power ahead of schedule, which primarily includes Nova Scotia, New Brunswick and Saskatchewan, according to the Financial Times. Federal Environment and Climate...
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Coking Coal Prices Surge • Adani Buys Abbot Point in Australia • Vitol, Burgh Take Tegeta’s Share of Richards Bay • Exxaro Completes Sales of Inyanda to Burgh • CIL Looking Abroad for Coking Coal • Mitsui...
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The coal market may be starting to finally turn the corner. Prices for some seaborne coking coals shipping from Australia to Japan have eclipsed the $200/ton level again (See World News)....
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More than 44,0000 people attended the MINExpo INTERNATIONAL 2016 exposition, which was held in September at the Las Vegas convention center. More than 1,900 exhibitors used more than 840,000 ft2 to...
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article thumbnailAMR Inc. has signed a definitive agreement to acquire PEMCO Corp., a design, engineering, and manufacturer of electrical and power distribution equipment in Bluefield, Virginia. The company...
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Colorado’s New Elk Metallurgical Mine Lays Off Workers


Due to declining revenue and tougher than expected market conditions, New Elk coal mine officials announced May 17 that 70 miners have been laid off, according to the Pueblo Chieftan. TK Mining, a contract company based in Delta, Colo., provides miners for New Elk, and attracted workers predominantly from Colorado’s Western Slope. The miners work seven-day shifts and 12-hour days.

Cline Mining, a Canadian company, bought the New Elk mine in 2008, more than a decade after mining operations in the area were shut down. As reported earlier by Coal Age, initial plans by Cline were to hire as many as 500 to work in the newly opened mine. But market conditions intervened.

Dennis Mraz, vice president and COO at Cline, said the mine is cutting its operations because of the low coal prices, the Chieftan reported. “Yes, we had to lay off some workers. We really need to protect ourselves. We are looking and hoping to bring these workers back when the market gets better in a few months.” New Elk staffing went from 305 miners to 235 after the recent layoffs.

Despite the layoffs, during the previous quarter, New Elk Coal Co., a wholly-owned subsidiary of Cline, signed a coal mining lease agreement with the Colorado Department of Wildlife which significantly extended NECC original DOW coal mining property at its New Elk coal mine in Las Animas County, southern Colorado. The initial New Elk DOW coal mine lease covered an area of 15,553 acres, and the extension area will add a further 14,387 contiguous acres to the initial DOW Lease, resulting in a new total coal lease property area of 29,940 acres. The initial DOW lease area contains 330.3 million tons of coal resources out of the total of 388.5 million tons of coal resources on all of the New Elk property. An updated report was made available May 24 detailing the extent of the new coal measures.