Reuters: Hot Stocks: UPDATE 1-Cline Mining halts ops at Colorado mine, shares fall

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Cline Mining halts ops at Colorado mine, shares fall Jul 11th 2012, 14:25 July 11 | Wed Jul 11, 2012 10:25am EDT July 11 (Reuters) - Cline Mining Corp said it is halting production at its New Elk metallurgical coal mine in Colorado and will temporarily lay off 78 percent of its workforce, as it reviews strategic alternatives. The company's shares fell as much as 30 percent to a low of 30 Canadian cents in early trade on the Toronto Stock Exchange. Most of the workers at the mine will be laid off for about 60 days, during which the company will explore strategic alternatives and potential financing, and complete the sale of the coal in inventory, it said in a statement.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions