James River Coal idling mines, reducing production - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

James River Coal idling mines, reducing production

Posted: Updated:
  • EnergyEnergyMore>>

  • WV Wilderness group fights against gas companies over pipeline in Pocahontas County

    WV Wilderness group fights against gas companies over pipeline in Pocahontas County

    Tuesday, September 2 2014 10:40 AM EDT2014-09-02 14:40:53 GMT
    The West Virginia Wilderness group has been fighting three gas companies for months, who want to put a pipeline in Pocahontas County .Lauren Ragland is the founder of West Virginia Wilderness and said the pipeline does not belong in Pocahontas County.
    The West Virginia Wilderness group has been fighting three gas companies for months, who want to put a pipeline in Pocahontas County .Lauren Ragland is the founder of West Virginia Wilderness and said the pipeline does not belong in Pocahontas County.
  • WV legislator applauds possible energy company expansion

    WV legislator applauds possible energy company expansion

    Tuesday, September 2 2014 9:53 AM EDT2014-09-02 13:53:24 GMT
    House Speaker Tim Miley, D-Harrison, said the announcement of four major energy companies partnering to build a proposed natural gas Atlantic Coast Pipeline is another step toward expanding West Virginia's economy.
    House Speaker Tim Miley, D-Harrison, said the announcement of four major energy companies partnering to build a proposed natural gas Atlantic Coast Pipeline is another step toward expanding West Virginia's economy.
  • Dominion, Duke to build $5B natural gas pipeline

    Dominion, Duke to build $5B natural gas pipeline

    Tuesday, September 2 2014 9:20 AM EDT2014-09-02 13:20:59 GMT
    Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.
    Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.

RICHMOND, Va. (AP) — James River Coal Co. is idling mines and reducing coal production by 3 million tons in response to weak demand.

The Richmond-based company mines thermal coal used for power generation and metallurgical coal that's used to produce steel. It has operations in Kentucky, West Virginia and Indiana.

In reporting a fourth-quarter loss Thursday, James River said it has idled five underground mines, two preparation plants and one load-out facility. It also has reduced production at three surface mines.

The company says the moves impact about 400 employees and contractors.

Coal producers are being hit by a double whammy of weak demand. Utilities need less coal to produce electricity because of mild weather and lower power generation, while construction overseas has slowed the appetite for coal to make steel.

 

Copyright 2013 The Associated Press