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Foresight Energy LP Message Board

  • fuelspotpaul fuelspotpaul Jul 18, 2014 10:24 AM Flag

    Foresight fighting fire in Hillsboro, Ill., mine

    Foresight Energy LP on Thursday confirmed the existence of a fire at its Deer Run mine in Hillsboro, Ill., after detecting high carbon monoxide levels earlier this week.

    The St. Louis-based coal company controlled by Chris Cline said it discovered the high carbon monoxide levels on Tuesday, indicating the presence of a fire. Its underground employees were evacuated and there were no injuries, Foresight said in a statement.

    Foresight is working with federal and state officials to contain the fire and is pumping water into two holes drilled into the mine to contain the fire, it said in a statement. No one from the company could be reached, and it was unclear how long the mine would be closed.

    The mine is located near Hillsboro, about 65 miles northeast of downtown St. Louis. It produced 4.8 million tons of coal last year. Foresight raised $350 million in an initial public offering last month.

    Sentiment: Buy

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