Consol Energy (CNX -4.6%) says it will temporarily shut its Buchanan Mine in Virginia, one of...

|By:, SA News Editor

Consol Energy (CNX -4.6%) says it will temporarily shut its Buchanan Mine in Virginia, one of the company's largest mines, because of global weakness in demand for steel-making coal that has sent prices tumbling. Buchanan produces ~5M tons of met coal per year, nearly 10% of CNX's total coal production.