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SUBSEQUENT EVENTS | 3 Months Ended
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Mar. 31, 2020
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | 19.SUBSEQUENT EVENTS ​ Other than the events described below, there were no subsequent events. ​ In response to the impacts of the COVID-19 pandemic, we evaluated customer requirements and existing coal inventory at each of our mining operations to determine whether it was prudent to temporarily halt production. Following that evaluation, we announced on March 30, 2020 a temporary cessation of coal production at our River View, Gibson, Hamilton and Warrior mining complexes in our Illinois Basin segment and on April 9, 2020 a temporary cessation of coal production at our MC Mining complex in our Appalachia segment. In order to reliably service the needs of our customers, production has resumed at our River View mine. As part of our objective of matching coal production to existing sales commitments, we will continue to monitor coal inventories and work closely with customers to determine when coal production will resume at each of the remaining idled operations discussed above. However, due to the ongoing and unforeseen impacts of the COVID-19 pandemic, not all mines will return to previous production levels. As a result, on April 15, 2020, 116 employees of the Gibson County mining complex and 78 employees of the Hamilton mining complex were notified that their employment would be terminated permanently on April 26, 2020. ​ As the year progresses, coal production at all of our operations will be further modified to match contracted sales commitments. Responding to 1) expected reduced revenues from lower coal sales, 2) the impact of depressed commodity prices on our Minerals segment and 3) economic disruptions and uncertainties, we have taken numerous actions to optimize cash flows and preserve liquidity by reducing capital expenditures, working capital, costs and expenses, including adjusting our corporate support structure to better align to current operating levels. ​ The Partnership is closely monitoring the impact of the COVID-19 pandemic on all aspects of its business. The full extent of the operational and financial impact that the COVID-19 pandemic may have on the Partnership has yet to be determined and is dependent on its duration and spread, any related operational restrictions and the overall United States and global economies. As a result of these uncertainties, the Partnership is currently unable to accurately predict how COVID-19 will affect our results of operations in the future. ​

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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