Brief: Nacco Industries Says Contract Mining Agreement Between Co's Unit And Dos Republicas Coal Partnership, Terminated On July 1, 2020

NACCO Industries

08/07/2020 23:20

July 8 (Reuters) - NACCO Industries Inc  NC.N :
    * NACCO INDUSTRIES - CONTRACT MINING AGREEMENT BETWEEN CO'S
UNIT
AND DOS REPUBLICAS COAL PARTNERSHIP , TERMINATED ON JULY 1, 2020
    * NACCO INDUSTRIES - TERMINATION OF CONTRACT BETWEEN CFE &
DRCP
ELIMINATED DRCP'S NEED FOR COAL FROM UNIT'S EAGLE PASS MINE & TO
RESULT IN MINE CLOSURE
    * NACCO INDUSTRIES - ON JUNE 25 & 26, UNIT ISSUED NOTICE OF
PROSPECTIVE TERMINATION OF EMPLOYMENT TO ALL EMPLOYEES OF EAGLE
PASS MINE
    * NACCO INDUSTRIES - CAMINO REAL FUELS IS IN NEGOTIATIONS
WITH
DRCP REGARDING PERFORMANCE OF REQUIRED MINE RECLAMATION
    * NACCO INDUSTRIES - CLOSURE OF EAGLE PASS MINE DOES NOT
MATERIALLY IMPACT CO'S OUTLOOK FOR 2020
    * NACCO INDUSTRIES - CONTRACT MINING AGREEMENT BETWEEN UNIT
& DRCP
WAS PREVIOUSLY EXPECTED TO TERMINATE IN 2021

Source text: [https://bit.ly/2VZA4sl]
Further company coverage:  NC.N 

 (Reuters.Briefs@thomsonreuters.com)