Mechel, one of the leading Russian mining and metals companies, has announced the temporary halting of mining at Mechel Bluestone in West Virginia, US, which is part of the company's mining division.
Due to unfavorable market conditions, mining operations have been temporarily halted at all of Mechel Bluestone's mines and open pits. Some of the company's washing facilities will continue operating to meet the company's contractual obligations.
Mechel pointed out that spot prices for coking coal are at their minimum since 2007, which makes coal production at Mechel Bluestone unprofitable. The company will make the decision to relaunch production depending on the market situation.
Source:
http://www.steelorbis.com/steel-news/latest-news/mechel-temporarily-halts-operations-at-us-coking-coal-mine-826222.htm
