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Charleston Gazette
Article date:
October 30, 2009
Copyright

ICG blames Allegheny Energy for mine closure

International Coal Group has taken the unusual step of publicly blaming a customer for forcing the shutdown of a mine.

ICG chief executive Ben Hatfield told analysts Thursday that electric utility Allegheny Energy's decision to delay deliveries in the third quarter idled ICG's Sycamore mine in Harrison County.

Greenburg, Pa.-based Allegheny spokesman Allen Staggers blames high coal inventories due and says his company has acted in accordance with all its contracts.

ICG says it mentioned Allegheny because the deferrals were the largest it has experienced recently and idled a mine. While other buyers delayed taking coal, ICG says it was appropriate ...

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