Brief: Hallador Energy Restructures Sunrise Coal Division, Significantly Reducing Operating Costs

Hallador Energy

23/02/2024 11:35

Feb 23 (Reuters) - Hallador Energy Co  HNRG.O :
    * HALLADOR ENERGY RESTRUCTURES SUNRISE COAL DIVISION,
SIGNIFICANTLY REDUCING OPERATING COSTS
    * HALLADOR ENERGY CO: WILL IDLE PRODUCTION AT OUR HIGHER
COST
FREELANDVILLE AND PROSPERITY MINES
    * HALLADOR ENERGY CO: REDUCE OUR CAPITAL REINVESTMENT FOR
COAL
PRODUCTION IN 2024 BY APPROXIMATELY $10 MILLION
    * HALLADOR ENERGY CO: FOCUS OUR SEVEN UNITS OF UNDERGROUND
EQUIPMENT ON FOUR UNITS OF OUR LOWEST COST PRODUCTION
    * HALLADOR ENERGY CO: TO IMPROVE COST STRUCTURE OF UNITS BY
INCREASING THEIR RUN TIME FROM FIVE AND A HALF DAYS PER WEEK TO
SEVEN DAYS PER WEEK
    * HALLADOR ENERGY CO: EXPECT OUR COAL PRODUCTION TO GENERATE
4.5
MILLION TONS ANNUALLY
    * HALLADOR ENERGY CO: WILL REDUCE ITS WORKFORCE BY
APPROXIMATELY
ONE HUNDRED AND TEN EMPLOYEES
    * HALLADOR ENERGY CO: WORKFORCE REDUCTION TO PRIMARILY
AFFECT
SUNRISE COAL EMPLOYEES

Source text for Eikon:  ID:nGNX4Qxpt4 
Further company coverage:  HNRG.O 

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