Oxford Resource Suspends Cash Distributions After Coal Decline

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 scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net