Cliffs plans to idle met coal mine

Jun 25, 2014 | 01:31 PM | Nat Rudarakanchana

Tags  Cliffs Natural Resources, Pinnacle Mine, coal, metallurgical coal, iron ore, mining, WARN notice, coal mine Casablanca Capital

NEW YORK — Cliffs Natural Resources Inc. plans to temporarily idle its Pinnacle metallurgical coal mine in West Virginia, a pause that could last more than six months, the company said in a filing with the U.S. Securities and Exchange Commission.

Cleveland-based Cliffs "intends to temporarily idle its operations at the Pinnacle Mine as a result of current poor market conditions for metallurgical coal," according to a June 25 Worker Adjustment and Retraining Notification (WARN) Act notice. If market conditions don’t improve, the mine could be idled for more than six months starting around Aug. 25.....

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