Consol Energy Inc. said Thursday that it expects a conveyor system that collapsed late last month and halted production at two Pennsylvania mines to be back in operation at least partially in the next two weeks.
Consol shares jumped almost 7 percent in afternoon trading.
The coal company said late last month that a conveyor collapse had halted coal production at two southwestern Pennsylvania mines that feed the company’s Bailey Preparation Plant. The conveyor carries coal from the underground Bailey and Enlow Fork mines to the plant.
The Pittsburgh-based company said it expects one of the conveyor belts to be fixed by the week of Aug. 19, which would allow the mines to operate at 60 percent capacity.
Consol said it expects a return to full production near the end of the month. The company said it doesn’t expect to curtail any domestic sales as a result of the shutdowns.
Consol shares rose $2.07, or 6.6 percent, to $33.17 in afternoon trading Thursday. They have traded in a 52-week range of $26.41 to $46.90.