A met coal mine near Trinidad, CO “temporarily” laid off most of their workforce back in June.
The “temporary” idea was to give the market 60 days to clear the “surplus” and demand would pick up again.
Well... it’s been more than 60 days and the mine isn’t re-hiring - nor do they think they will anytime soon.
This mine’s output is shipped in toto to China.
I have some land near the New Elk mine. It was closed when I bought it but there was a lot of activity the past few years. Sounds like that is ending again.