Printer Friendly
The Free Library
19,585,946 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Alliance Resource Partners, L.P.: Excel No. 3 Mine Re-entered; Mine Recovery Efforts Underway.


TULSA, Okla. -- Alliance Resource Partners, L.P. (Nasdaq:ARLP ARLP Acoustic Reference Level Plan ) today announced that its wholly-owned MC Mining, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 subsidiary has re-entered its Excel No. 3 mine to begin recovery of the mine located in Pike County, Kentucky Pike County is a county located in the U.S. state of Kentucky. As of 2000, the population was 68,736. Its county seat is Pikeville6. Pike is the largest county in land area in Kentucky. . MC Mining temporarily idled the Excel No. 3 mine on December 26, 2004 following the occurrence of a mine fire that originated along a belt conveyor line. (See ARLP Press Releases dated, December 27, 2004 and January 7, 2005.)

On January 8, 2005, MC Mining, along with mine rescue teams from the Mine Safety and Health Administration ("MSHA MSHA Mine Safety and Health Administration (US government)
MSHA Master of Science in Health Administration
MSHA Mine Safety and Health Administration
MSHA Maison des Sciences de l'Homme d'Aquitaine (French) 
") and the Kentucky Office of Mine Safety and Licensing ("OMSL OMSL Office of Mine Safety and Licensing (Kentucky)
OMSL Ottawa Mixed Softball League (Ottawa, Ontario, Canada) 
"), entered the Excel No. 3 mine. Under a mine recovery plan developed in conjunction with MSHA and OMSL, MC Mining is currently constructing temporary barriers to contain the area of the mine affected by the fire. Recovery efforts will continue with the construction of permanent barriers designed to completely isolate the mine fire area. Once the permanent barriers are completed, MC Mining will begin efforts to repair and rehabilitate re·ha·bil·i·tate
v.
1. To restore to good health or useful life, as through therapy and education.

2. To restore to good condition, operation, or capacity.
 the Excel No. 3 mine infrastructure. Assuming that mine recovery and rehabilitation efforts progress as expected, it is currently anticipated that limited production operations at Excel No. 3 will resume early in the second quarter and return to full production around the third quarter of this year.

The Excel No. 3 mine is an underground mining complex that employs approximately 250 workers. The mine produces low-sulfur coal from the Pond Creek seam utilizing continuous mining units and room-and-pillar techniques. Production from the mine averaged approximately 160,000 tons per month.

The statements and projections used throughout this release are based on current expectations. These statements and projections are forward-looking, and actual results may differ materially. These projections do not include the potential impact of any mergers, acquisitions or other business combinations that may occur after the date of this release. At the end of this release, we have included more information regarding the business risks that could affect our results.

Alliance Resource Partners is the nation's only publicly traded master limited partnership involved in the production and marketing of coal. Alliance Resource Partners currently operates mining complexes in Illinois, Indiana, Kentucky and Maryland.

Forward-Looking Statements: With the exception of historical matters, any matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projected results. These risks, uncertainties and contingencies include, but are not limited to, the following: competition in coal markets and our ability to respond to the competition; fluctuation in coal prices, which could adversely affect our operating results and cash flows; deregulation Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Notes:
Traditional areas that have been deregulated are the telephone and airline industries.
 of the electric utility industry or the effects of any adverse changes in the domestic coal industry, electric utility industry, or general economic conditions; dependence on significant customer contracts, including renewing customer contracts upon expiration of existing contracts; customer bankruptcies and/or cancellations of, or breaches to, existing contracts; customer delays or defaults in making payments; fluctuations in coal demand, prices and availability due to labor and transportation costs and disruptions, equipment availability, governmental regulations and other factors; our productivity levels and margins that we earn on our coal sales; any unanticipated increases in labor costs, adverse changes in work rules, or unexpected cash payments associated with post-mine reclamation and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work.  claims; any unanticipated increases in transportation costs and risk of transportation delays or interruptions; greater than expected environmental regulations, costs and liabilities; a variety of operational, geologic, permitting, labor and weather-related factors; risks of major mine-related accidents or interruptions; results of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
; difficulty maintaining our surety bonds for mine reclamation Mine reclamation is the process of creating useful landscapes that meet a variety of goals, typically creating productive ecosystems (or sometimes industrial or municipal land) from mined land.  as well as workers' compensation and black lung black lung: see pneumoconiosis.  benefits; difficulty obtaining commercial property insurance; and risks associated with our 10.0% participation (excluding any applicable deductible) in the commercial property program.

Additional information concerning these and other factors can be found in the Partnership's public periodic filings with the Securities and Exchange Commission ("SEC"), including the Partnership's Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended December 31, 2003 filed on March 12, 2004 with the SEC. Except as required by applicable securities laws, the Partnership does not intend to update its forward-looking statements.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jan 14, 2005
Words:696
Previous Article:Fitch Rates OOCEA Florida $499MM VRBs 'A'.
Next Article:Designtechnica Gives First-Hand Highlights and Coverage of 2005 Consumer Electronics Show; Provides inside Look at Exciting Emerging Technologies.
Topics:



Related Articles
The Right Tool: MAIC Information Services and Support Products.
Alliance Resource Partners, L.P.: Dotiki Mine Temporarily Idled Following Underground Fire; Efforts Underway to Contain and Extinguish Fire.
Alliance Resource Partners, L.P. Reports Substantial Progress in Efforts to Extinguish Mine Fire; Dotiki Mine Re-entered and Installation of...
Alliance Resource Partners, L.P. Announces Dotiki Mine Fire Extinguished; Production Resumed.
Alliance Resource Partners, L.P.: Assistant Secretary of Labor for Mine Safety and Health Visits Dotiki Mine.
Alliance Resource Partners, L.P. Reports Settlement of Dotiki Mine Fire Insurance Claim and Raises 2004 Guidance.
Alliance Resource Partners, L.P. Increases Coal Reserve Holdings by 25% and Announces Plans to Increase Productive Capacity.
Alliance Resource Partners, L.P.: Underground Fire Results in Temporary Idling of Excel No. 3 Mine; Firefighting Efforts Underway.
Alliance Resource Partners, L.P.: Fire Successfully Suppressed at Excel No. 3 Mine.
Alliance Resource Partners, L.P. Reports Record First Quarter Financial Results, Declares Quarterly Cash Distribution of $0.75 Per Unit, and...

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles