- Associated Press - Friday, January 9, 2015

FRIEDENS, Pa. (AP) - A Canadian firm plans to idle two southwestern Pennsylvania coal mines it bought last year and cut 130 jobs.

Corsa Coal Corp., of Toronto, bought PBS Coals Inc. and merged it with Wilson Creek Energy, based in Somerset.

But on Friday, the Pittsburgh Tribune-Review (https://bit.ly/14zPoOB ) was reporting Corsa plans to idle the former Kimberly Run and Barbara mines in Somerset County, and move some workers and equipment to two other mines, Quecreek and Casselman.

The company says those two mines are the least expensive to operate and says a declining global market for steel-making coal led to the decision.

Corsa paid 60 million in cash and assumed liabilities of up to $60 million to take over PBS Coals.


Information from: Pittsburgh Tribune-Review, https://pghtrib.com



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