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CONSOL Energy Inc.
CNX, the
leading diversified fuel producer in the Eastern United States, previously
reported on July 30, 2012 that it incurred a structural failure on its newly
installed above-ground conveyor system at the Bailey Preparation Plant in
Southwestern Pennsylvania. This incident affected production at the company's
Bailey and Enlow Fork mines. Reconstruction of the affected systems is
underway. At this time, we estimate that one of the two collapsed belts will
be returned to service the week of August 19, 2012, which will enable the
mines to operate at an estimated 60% of capacity. We expect to resume full
production near the end of the month. CONSOL does not currently expect to
curtail any domestic sales as a result of this incident.
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