Referenced Stocks

CONSOL Energy Extends Worker Vacation, Deferring 300,000 Tons of Production; Shares Slightly Higher, Off Day Highs

By Midnight Trader,  June 22, 2012, 01:17:16 PM EDT

CONSOL Energy Inc. ( CNX ) shares are slightly higher and off a day high $28.42 after the company announced that it will extend the annual miners' vacation period at its Blacksville No. 2 and Robinson Run mines in Northern West Virginia. The company estimates that this action will result in 300,000 tons of deferred production.

The Robinson Run extension will be one week and during that time the company will be working to maintain the mine in ready state. To date in 2012, the Blacksville No. 2 Mine has produced 1.27 million tons of coal utilizing a single longwall and three continuous mining units. The Robinson Run mine has produced 2.4 million tons in that same time period.

CNX trades in a 52-week range of $26.46 - $55.02.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CNX



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