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Foresight Energy submits re-entry plan for Deer Run Mine

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According to Market Intelligence, December 2022

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Foresight Energy submits re-entry plan for Deer Run Mine

The board of Foresight Energy GP LLC, a general partner of Foresight Energy LP, approved to submit to the Mine Safety and Health Administration a re-entry plan for the Deer Run Mine at the Hillsboro Energy complex.

Pending approval, the plan is aimed at permanently sealing the current longwall district at the Deer Run Mine with certain longwall equipment and other related assets becoming unrecoverable, according to a Form 8-K filed Dec. 22.

Currently, Foresight Energy LP is uncertain when production at the mine would resume. It expects to see an aggregate impairment charge of between $42 million and $67 million in the fourth quarter due to the plan, along with future cash expenditures of between $800,000 and $1.5 million.