ST. LOUIS--(BUSINESS WIRE)--Foresight Energy LP (NYSE:FELP) (“Foresight”) reported today that its subsidiary, Hillsboro Energy LLC (“Hillsboro”), is continuing its efforts to extinguish the March 2015 combustion event within the longwall district at Hillsboro’s Deer Run Mine, near Hillsboro, Illinois. To date, our efforts have not been successful, and we are uncertain as to when and if production will resume at this operation. We continue to work closely with the Mine Safety and Health Administration and to explore alternatives for resolving this issue.
Additionally, Foresight has announced it will reduce the workforce associated with all of its operations by 100 miners, as a result of current market conditions and the current status of Hillsboro’s Deer Run Mine.
Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of the federal securities laws. These statements contain words such as “possible,” “intend,” “will,” “if” and “expect” and can be impacted by numerous factors, including risks relating to the securities markets generally, the impact of adverse market conditions affecting business of Foresight, adverse changes in laws including with respect to tax and regulatory matters and other risks. There can be no assurance that actual results will not differ from those expected by management of Foresight. Foresight undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which it becomes aware of, after the date hereof.
About Foresight Energy LP
Foresight is a leading coal producer in the Illinois basin region of the United States with control of over three billion tons of coal reserves currently supporting four mining complexes. Foresight’s logistics give each of its mining complexes multiple modes of transportation to reach the end-users for its coal, including rail, barge and truck. Foresight serves both the domestic and international markets.
