Seeking Alpha

Cliffs Natural preparing to idle West Virginia coal mine

  • Cliffs Natural Resources (CLF -0.8%) plans to idle its Pinnacle met coal mine in West Virginia unless market conditions improve, according to an SEC filing.
  • CLF says it has notified workers that it could idle the mine for more than six months starting around Aug. 25, as required under federal law.
  • Pinnacle produced 2.8M metric tons of coal in 2013.
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