Oxford Resource Partners (OXF -34.4%) will suspend cash distributions on its common and...

|By:, SA News Editor

Oxford Resource Partners (OXF -34.4%) will suspend cash distributions on its common and subordinated units for Q4, citing continued weakness in the coal markets and a need to further preserve liquidity. OXF says it continues to look for ways to enhance its liquidity, including the sale of excess Illinois Basin equipment, and is pursuing the refinancing of its credit facility.