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ELK Creek Coal Mine temporarily idled

SOMERSET – Oxbow Mining, LLC (“Oxbow Mining”), a subsidiary of Oxbow Carbon LLC, issued a WARN Act Notice to its employees as well as state and local officials on December 2, 2013, that the Elk Creek Coal Mine will be temporarily idled. The idling will affect approximately 115 employees. The company will retain a workforce of approximately 20 people to maintain the mine and prepare for future operations.

Mike Ludlow, President of Oxbow Mining, said the Elk Creek Mine was unable to fully recover from a previous geologic event and subsequent mine fire. Conditions forced the mine to abandon its longwall and other equipment.

“We are idling the mine until we are able to install a replacement longwall and other equipment,” said Ludlow. “We are working on the engineering and procurement of a replacement longwall and other equipment as quickly as possible.”

Oxbow Mining has been producing coal in the North Fork Valley since 1995. The company opened the Elk Creek Mine in 2001 and currently provides a high Btu, low sulfur coal for both the domestic and international markets.

"Oxbow Mining has successfully supplied western bituminous coal into Asia and Latin America and we will continue to supply and expand our customer base to provide this high quality coal worldwide,” Ludlow said. “While the Elk Creek Mine is idle, Oxbow will continue to supply customers with a blend of stockpile coal and coal from third parties.”

Oxbow Mining, also supplies domestic stoker coal for residents in the North Fork Valley. “We intend to honor our commitment to the local market through the winter,” said Ludlow.

At its peak in 2008, the Elk Creek Mine was one of the top producing underground mines in the country, producing more than six million tons of super compliant, low sulfur coal annually. The mine employed more than 350 employees at the height of production.

Oxbow Mining, also is continuing to work on developing additional coal reserves in the Oak Mesa area of the North Fork Valley.

For more information contact:

Brad Goldstein, Corporate Affairs Director, at 561-907-5400.

For further information contact:

Brad Goldstein
Director Corporate Affairs
Oxbow Carbon
1601 Forum Place, Suite 1200
West Palm Beach, FL 33401
(561)-907-5422



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