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Entering 2015, the coal industry clearly continues to face significant challenges.
Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.
I do not believe it is appropriate or in the best interest of Kentucky to recommend policies that would move Kentucky from low-cost energy options to high-cost energy options.
Assuming normal winter weather, we currently anticipate the coal markets to remain difficult through 2015; while we always strive to operate a full capacity in this environment, it may be necessary to delay our production growth to match the market.
With a proven track record as a reliable, low cost producer able to meet the needs of our customers with a diversity of operations, coal qualities and transportation options, we believe we can continue our record-setting performance in the future, as the Gibson South and White Oak mines reached their full potential.