This project is on track to add 5 million tons a year of high-quality Pittsburgh seam coal, which will be sold in either the high-vol or thermal markets. A further $155 million will go toward efficiency improvements such as the overland belt at Enlow Fork mine, while health and safety items will require $50 million.
“CONSOL’s mines and gas operations ran well during the quarter,” said Brett Harvey, chairman and CEO. “In fact, we closed the year with our best December safety performance in recent years. We’re looking to carry that momentum into 2012.”
The company’s coal division produced 15.3 million tons for the quarter, including 1.4 million tons of low-vol metallurgical coal from the company’s Buchanan mine. Annual 2011 coal production was 62.6 million tons, up slightly from the 62.4 million tons produced in 2010.