Report: Foresight Energy seeks to reopen idled Illinois coal mine

|About: Foresight Energy LP (FELP)|By:, SA News Editor

Foresight Energy (NYSE:FELP) appears to be moving to reopen its long-idled Deer Run longwall mine in Illinois, which it "permanently" closed last February after a "combustion event" occurred in 2015.

FELP subsidiary Hillsboro Mining filed a permit renewal application for Deer Run earlier this week with Illinois regulators, S&P Global Platts reports.

The impetus for a likely restart was a recent settlement in a lawsuit between FELP and Natural Resource Partners, which holds the lease on Deer Run's mineral rights, according to the report.

The combustion event triggered elevated levels of carbon monoxide in Deer Run, which caused the U.S. Mine Safety and Health Administration to order the mine closed in March 2015; the mine produced 5.5M short tons of coal in 2014.

Subscribe for full text news in your inbox