Private PA Producer Assumes Control of Acosta, Keyser, and Casselman Mines
What is your opinion on quality and valuation of NACCO?
It’s lignite so the lowest opinion for the lowest rank of coal 🤣
Will the mines close?
Don’t know. The paywalled article linked in the piece says they will reopen soon (and is supposedly quoting Rosebud’s Jim Barker), but I have also heard conflicting information from other trustworthy sources.
Yeah, the WARN notices make me think they'll supply the domestic contracts via their own production and idle these mines until the market improves.
Maybe - question would be if they have enough LV production at that spec to even do it
What is your opinion on quality and valuation of NACCO?
It’s lignite so the lowest opinion for the lowest rank of coal 🤣
Will the mines close?
Don’t know. The paywalled article linked in the piece says they will reopen soon (and is supposedly quoting Rosebud’s Jim Barker), but I have also heard conflicting information from other trustworthy sources.
Yeah, the WARN notices make me think they'll supply the domestic contracts via their own production and idle these mines until the market improves.
Maybe - question would be if they have enough LV production at that spec to even do it