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Corsa Coal idling 2 met coal mines, eliminating 130 positions in Pennsylvania

January 9, 2015

Corsa Coal Corp. will be eliminating 130 full time positions and idling two mines in the PBS Coals Ltd. portfolio that it recently acquired when purchasing PBS from OAO Severstal in August.  These layoffs represent 25% of Corsa’s Northern Appalachia Division workforce.  The mines at issue are the Kimberly Run and Barbara mines.  The remaining personnel and equipment are to be transferred to Casselman and Quecreek mines to improve production and efficiency.  Corsa CEO blames the price of metallurgical coal production for the move, as to preserve the reserves for future development when the market is stronger.

Read more at: https://www2.snl.com/Interactivex/article.aspx?CdId=A-30542957-12332

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