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.
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