Foresight Energy said it is permanently closing its troubled Deer Run longwall mine in Illinois, a little more than three years after a combustion event dimmed what once was seen as a bright future for the mine near Hillsboro in Montgomery County.
The St. Louis-based subsidiary of Ohio’s Murray Energy Corp. told the federal Securities and Exchange Commission in an April 13 filing that Deer Run will be shuttered for good after terminating a lease agreement with WPP LLC. Under that arrangement, Deer Run leased certain mineral rights from WPP for 20 years with a renewal option for five additional terms, with a maximum of six terms.
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