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.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs