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Murray Energy subsidiary announces coal mine closure

Highlights

Genesis mine to close February 24

250 employees to be laid off

Houston — The Western Kentucky Coal Company, a unit of Murray Energy, announced the closure of its Genesis coal mine and the laying off of 250 employees, a Worker Adjustment and Retraining Notification notice filed by the subsidiary with the Kentucky Division of Workforce and Employment Services said.

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The notice, filed Thursday, said the closure and the permanent lay-offs at the Ohio County, Kentucky, mine will occur February 24, 2020, or within the two weeks thereafter.

The closure follows Murray Energy's recent announcement of its Chapter 11 bankruptcy filing.

The mine produced nearly 2.4 million st in 2018, up 3.4% from 2017, according to the US Mine Safety and Health Administration. However, in the second and third quarters of this year, output at the mine dropped 10.6% and 15.3%, respectively, year on year.

-- Olivia Kalb, olivia.kalb@spglobal.com

-- Edited by Shashwat Pradhan, newsdesk@spglobal.com