Posts Tagged ‘Contura Energy’

Cumberland Coal Mine Sold

December 17, 2020

A coal mine in southwest Pennsylvania that operates its own 17-mile railroad has been sold.

Iron Senergy Holdings has purchased the Cumberland mine and its railroad from Contura Energy.

News reports indicate that Iron Senergy has kept its leadership secret in Contura filings with the Securities and Exchange Commission.

The United Mine Workers local representing mine employees said the union had received an email from the new owner’s legal counsel saying the company will take over the existing labor agreement as is and plans to continue mining.

Contura sold the mine after announcing it wanted to end the mining of thermal coal, which is used by power plants, in order to concentrate on coal used in steelmaking.

CSX Moving More W.Va. Coal Trains

July 28, 2016

Trains magazine is reporting that coal traffic has been on the upswing in West Virginia on CSX during the past two weeks.

CSX logo 1It reported that Contura Energy’s McClure Complex has increased the number of loaded unit trains of metallurgical coal trains it moved in the third week of July from two to six.

Five additional new trains this week were also slated to be moved. The magazine said there has been a decrease in the number of stored coal hopper cars being stored on the idled former Clinchfield Railroad.

The uptick in business follows Contura’s reorganization in bankruptcy court as a new company that is comprised of the top lien holders of Alpha Natural Resources, which had mining operations in West Virginia.

Contura acquired the complexes of Alpha’s Nicholas, McClure, and Toms Creek complexes in West Virginia and Virginia.

It also owns mining complexes in the Powder River Basin of Wyoming and in Pennsylvania.