Bluefield Daily Telegraph, Bluefield, WV

WV State News

June 25, 2014

Cliff’s files WARN notice to idle Pinnacle Mine

PINEVILLE — Cliff’s Natural Resources Inc., announced today that it has filed a WARN notice with the state of West Virginia and the United Mine Workers of America stating its intentions to idle the company’s Pinnacle Mine on or around Aug. 25, according to Cliff’s spokesman Ryan Thorn.

“The persistent depressed pricing and oversupply in the metallurgical coal market for the past year has put cost pressures on the business,” Cliff’s stated in a press release announcing the WARN notice. “Pricing is below the mine’s cash costs and at a point where it is becoming uneconomical to operate at these levels.”

The federal government requires businesses with 100 or more employees to issue WARN (Worker Adjustment and Retraining Act) notices when the company expects to idle a plant (or mine) in 60 days. There are about 575 coal miners working at the Pinnacle Mine, but some 40-50 will remain at the mine for maintenance and upkeep if the idling should occur. For more information on this story, see Thursday’s edition of the Bluefield Daily Telegraph.

 

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