MARKETS

American Coal reduces staff yet again

IN a third round of layoffs, American Energy has given pink slips to another 155 workers at its G...

Donna Schmidt
American Coal reduces staff yet again

The news comes just weeks after two other announcements that the company would lay off miners at its Millennium Portal and permanently close its number five seam, opting to open its number six seam in the future.

The total number of unemployed AEC workers now stands at 404, or 40% of the mine’s staff, according to The Southern Illinoisan. Company president Robert Murray has called the third staff reduction “temporary” as he did for the first two rounds and said that no more workers would be laid off.

There are now 546 employees working at AEC operations, Murray told various media outlets. “We went from 400 employees when I bought the mine to 1000 employees, so that’s an important point that is sometimes missed,” he said. “We regret the layoffs at this time, but adverse mining conditions left us no choice.”

Galatia, a 17,000-acre operation with a reserve of 125Mt, opened in 1980 and is the fourth largest US coal producer.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production