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In This List

Alliance extends suspension of Illinois Basin coal operations amid pandemic

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Alliance extends suspension of Illinois Basin coal operations amid pandemic

Alliance Resource Partners LP extended the suspension of coal production, originally scheduled to last through April 15, to April 26 at all of its Illinois Basin mines. The temporary idling was initiated in response to the coronavirus pandemic.

The company said April 9 that the remaining inventory at its Illinois Basin operations is sufficient to cover its expected coal supply requirements.

Additionally, Alliance said it halted coal production at its MC Mining project in Kentucky earlier in April. MC Mining will supply coal to its customers from its existing inventory until production is transitioned to its new Excel Mine No. 5 project, which is expected in early May.

Coal production at the company's Northern Appalachian operations in West Virginia is continuing, but with measures in place to curb the spread of the coronavirus.

In March, S&P Global Ratings downgraded its issuer credit rating on Alliance to BB- from BB+, anticipating weaker credit measures in 2020 related to difficult operating conditions.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.