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Casselman back in business

CORSA Coal's Casselman underground operation in Maryland is up and running after being stalled la...

Donna Schmidt
Casselman back in business

Its guidance statement said that based on sales contracts, it expected to ship about 75,000 tons in the fourth calendar quarter.

About 55,000t will be taken into sales, with the remainder falling into sales for the upcoming fiscal year.

Corsa had previously projected just 32,000t would be shipped in the fiscal fourth quarter.

Casselman’s coal preparation plant has also resumed operations.

“The company has continued to be successful in achieving sales as a result of the superior quality of its low-volatile met coal product,” a spokesman said, adding that it continued to actively market its 2013 production in an effort to match production with actual sales.

Casselman produces a high-quality, low-volatile product that Corsa management described as well suited to domestic steel producers and coking operations as well as the seaborne market.

Corsa predicted a weaker market for the fourth quarter in late September, when it outlined a strategy to avoid unnecessary inventories of unsold coal. It also projected Casselman’s potential idle.

Met-focused Corsa’s main operating subsidiaries are Wilson Creek Energy and Maryland Energy Resources, both based in Somerset County, Pennsylvania.

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