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SOURCE Armstrong Energy, Inc.
MADISONVILLE, Ky., Oct. 5, 2017 /PRNewswire/ -- Armstrong Coal Company, Inc., a wholly-owned subsidiary of Armstrong Energy, Inc. ("Armstrong"), today issued notices pursuant to the Worker Adjustment and Retraining Notification ("WARN") Act due to the anticipated idling of the Equality surface mine located in Ohio County, Kentucky. In conjunction with the idling of the Equality surface mine, Armstrong will be required to implement a workforce reduction at its Armstrong Prep & Dock facility, which processes coal mined from multiple Armstrong mining operations. Armstrong currently employs 61 employees at the Equality mine, and 49 employees at the Armstrong Prep & Dock facility. These actions were necessitated by market overproduction and a sustained depression in demand for high sulfur thermal coal produced by the Equality surface mine. Armstrong expects these layoffs will occur during the 14-day period between December 8, 2017 and December 22, 2017, and that the layoffs will be permanent.
About Armstrong Energy
Armstrong is a leading producer of low chlorine, high sulfur thermal coal in the Illinois Basin. Armstrong currently operates five coal mines, three processing plants, a rail load-out facility and a dock facility on Kentucky's Green River. In 2016, Armstrong produced 5.9 million tons of coal from its active mines. Armstrong ships coal to utilities via rail, truck and barge and has the capability to provide low cost custom blend coal to fuel virtually any electric power plant in the Midwest and Southeast regions of the nation.
Certain statements in this press release are forward-looking. These statements involve certain risks and uncertainties that may be beyond Armstrong's control and may cause actual future results to differ materially from current expectations. Factors that could affect Armstrong's results include, but are not limited to factors detailed from time to time in Armstrong's reports and other information posted on its website or included in a press release. Armstrong undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date of this press release or to reflect the occurrence of unanticipated events.
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