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Stock Market & Financial Investment News

News Breaks
July 17, 2014
12:08 EDTFELPForesight Energy reports fire at Hillsboro mine
Foresight Energy LP announced that Monday July 14, at approximately 7:30 pm Central Daylight Time, high carbon monoxide readings were detected at Hillsboro Energy LLC’s Deer Run Mine located near Hillsboro, Illinois, indicating the existence of a fire. All underground employees were safely evacuated and none sustained injuries. Hillsboro officials identified the affected area and have been working with federal and state officials implementing an approved plan to contain and extinguish. Two holes have been drilled into the coal mine and water is being pumped into the affected area. The Deer Run mine produces approximately 500,000 clean tons per month under normal operations.
News For FELP From The Last 14 Days
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May 22, 2015
17:01 EDTFELPForesight Energy says efforts to restore Deer Run Mine 'ongoing'
Foresight Energy reported that its efforts to restore operations at its Deer Run Mine are ongoing. Foresight’s company personnel continue to coordinate with federal and state authorities to examine and monitor the mine, address the cause of the elevated carbon monoxide levels, and safely resume operations. Foresight does not have an estimate of the timeline on which Deer Run Mine will resume normal underground operations To date, the company has met all of its coal supply obligations from inventory and expects to continue to do so through the foreseeable future.

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