West Virginia's Trying to Revive Coal, but One Miner Isn't Convinced
- Governor signed pair of tax incentives for coal companies
- Contura satisfied with sticking to plan, CEO looking at bills
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West Virginia is dangling tax incentives for coal miners in an attempt to revive operations in the heart of Coal Country. At least one miner, Contura Energy Inc., isn’t swayed just yet.
Contura runs 23 surface and underground mines in the state, and incentives signed into law last week haven’t yet persuaded the company to open more, Chief Executive Officer Kevin Crutchfield said. “We’ve got a pretty solid plan for West Virginia as we look ahead with the projects that we’ve already announced,” he said Wednesday in a call with analysts, adding that the company would rather “look at projects on their own merits.”