Oxford Resource Partners LP (OXF), a producer of coal in the Northern Appalachian and Illinois Basin regions of the U.S., suspended cash distributions to investors for the fourth quarter after a decline in the price of the commodity.
Oxford may sell some surplus mining equipment and is trying to refinance its credit facility, the Columbus, Ohio-based company said today in a statement. Oxford didn’t say when it might resume the distributions.
To contact the reporter on this story: Simon Casey in New York at email@example.com
To contact the editor responsible for this story: Simon Casey at firstname.lastname@example.org