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Corsa Coal Corp. (TSXV:CSO) announced that it will cut 130 full time positions from its Northern Appalachian Division. The Kimberly Run and Barbara mines have been idled and will be reviewed for closure as a result.
Corsa Coal Corp. (TSXV:CSO) announced that it will cut 130 full time positions from its Northern Appalachian Division. The Kimberly Run and Barbara mines have been idled and will be reviewed for closure as a result.
As quoted in the press release:
Certain personnel and equipment from these mines will be transferred to the Casselman and Quecreek mines which are the Company’s lowest cost metallurgical coal operations. The additional personnel and equipment are expected to allow for an increase in production and operational efficiency at the Casselman and Quecreek mines.
Corsa Coal CEO, George Dethlefsen, said:
We regret the need to take today’s actions, however, we anticipate these moves will improve the overall cost structure of the NAPP Division while still maintaining premium quality metallurgical coal specifications.
Click here to read the Corsa Coal Corp. (TSXV:CSO) press release