Canada’s Grande Cache Will Likely Lay Off Miners

The company told workers during January that the cuts could happen over the next few months, said a spokesman for the United Mine Workers of America union. Grande Cache is still running its underground operations, the union spokesman said. Miners who may be impacted work above ground, he said. Last year, the owners of Grande Cache sold the coal miner for $2, after paying $1 billion for the asset at the height of the commodity boom.