The coronavirus is starting to hit U.S. coal country.
The announcements Monday come as the pandemic has rapidly expanded across the U.S., where the death toll is now
“The unprecedented decision by world leaders to lock down the global economy to combat the deadly virus has crushed demand for energy,” Alliance said in a
The Tulsa, Oklahoma-based miner is also withdrawing its 2020 financial guidance and cutting its cash distribution for unitholders for at least the first quarter. The
Alliance and Consol both tumbled as much as 14% Monday.
Consol has idled its Bailey mine for two weeks after learning last week that two employees tested positive for Covid-19. It’s checking to see if other workers are at risk and performing a deep cleaning of the facility, according to a
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