Miner Suffers Fatal Injury at Berwind Mine
On February 28, 2022, Ramaco Resources (NASDAQ: METC) announced the tragic death of Steven H. Hively, a contract employee, at the Berwind Mine Complex in West Virginia.
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Rhea-AI Summary
On February 28, 2022, Ramaco Resources (NASDAQ: METC) announced the tragic death of Steven H. Hively, a contract employee, at the Berwind Mine Complex in West Virginia. The company expressed its condolences to Hively's family and stated that the incident is under investigation by state and federal safety authorities. Ramaco committed to determining the cause of the accident. Hively was an experienced miner affiliated with GMS Mine Repair & Maintenance, a long-term contractor for Ramaco.
Positive
- Company expresses commitment to investigate the accident thoroughly.
Negative
- Fatal incident raises concerns over safety protocols at the mine.
- Potential adverse impact on company reputation and employee morale.
Details
News Market Reaction – METC
The recorded move for METC in the trading session of this news was +8.37%.
Data tracked by StockTitan Argus. Session date unavailable.
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LEXINGTON, Ky., Feb. 28, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco" or the "Company") issued the following statement related to the death of Steven H. Hively of Philippi, West Virginia at the Berwind Mine Complex operated by Ramaco Resources, LLC, a subsidiary of the Company. "We were saddened to learn early this morning that a contract employee working underground at our Berwind Mine Complex in McDowell County, West Virginia passed away. We extend our heartfelt thoughts, prayers, and condolences to Mr. Hively's family, friends and co-workers. Mr. Hively was an experienced miner employed by GMS Mine Repair & Maintenance, Inc. a longtime independent contractor for the Company. The accident was reported immediately to state and federal safety authorities who, along with the company and contractor, are now investigating. The Company is committed to find the cause of this accident."
Contact: info@ramacocoal.com or 859-244-7455
View original content:https://www.prnewswire.com/news-releases/miner-suffers-fatal-injury-at-berwind-mine-301492145.html
SOURCE Ramaco Resources, Inc.
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