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Coal company idles local mine: Parent firm filed for bankruptcy protection last week
- Article from:
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Charleston Daily Mail
- Article date:
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March 6, 2002
- Author:
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Copyright informationCopyright 2002 Charleston Daily Mail. Provided by ProQuest LLC. (Hide copyright information)
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DAILY MAIL STAFF
A subsidiary of AEI Resources Inc. has idled its Princess Beverly
mine at Cabin Creek mainly because of a weak market but partly due to
the overweight coal truck issue, a company spokesman said this
morning.
Terry Whitt, a vice president for West Virginia-Indiana Coal
Holding Co. Inc., said the company laid off 68 of the mine's 80
employees Tuesday.
"With the mild winter that we had, power plants aren't burning any
coal. There's a lot of coal on the ground," he said.
At the same time, the company is worried about how the coal truck
issue will play out in the state Legislature, he said. Princess
Beverly relies exclusively on trucks to get its coal to the Lady Dunn ...
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