Alliance Coal, the major coal-mining company headquartered in Tulsa, announced it intends to open a new underground mine in Kentucky.
The $35 million project is to be launched in the spring of next year and be completed and open for operations by the end of 2024 reported The Gleaner, a newspaper in Henderson, Kentucky.
Alliance, a firm with nearly 3,000 employees saw shares make a 2.20% gain on an increase of 52 cents in Monday’s trading as prices settled at $24.14.
Click here for The Gleaner