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Westmoreland gets the go-ahead to drop retiree benefits and terminate union contract
A bankruptcy judge said Westmoreland Coal can proceed with a plan to eliminate healthcare benefits for retirees and do away with a union contract at its Kemmerer, Wyo., mine.
Unless Long-Shot Buyers Step in, Dismantling of Navajo Generating Station Will Begin in May
The owner with the largest stake in the struggling Navajo Generating Station in northeast Arizona says it will start shutting the plant down unless new buyers are found within the next few weeks. “That warning puts intense pressure on Navajo Generating Station’s supporters, including Peabody Energy, to find a new buyer and rush through a sale. Once shutdown begins, any new owner would have to pay millions of dollars to start it up again, making a sale far less likely and profitable.”
A Mine Closure in Pennsylvania Is Another Sign of the Times
The 4 West Mine in Mount Morris, Penn., is closing soon because its owners say it is no longer a going concern. Almost 400 workers will lose their jobs at 4 West, which produced 1.6 million tons of coal last year, down from 2.1 million tons in 2015, a drop indicative of the industry’s regional decline and of the failing business models coal-mining companies have followed. “It’s going to disappear,” said a local mining consultant. “Gas is going to replace it.”