Hallador Energy Subsidiary To Construct Truck to NS Rail Facility in Indiana
DENVER, Nov. 9, 2017 /PRNewswire/ -- (Nasdaq: HNRG) Sunrise Coal, LLC, a wholly owned subsidiary of Hallador Energy, announces the signing of a Side Track Agreement with the Norfolk and Southern Railway to construct a truck to rail coal loading facility. The facility known as the Princeton Loop will be located 6 miles West of Princeton, IN on Highway 64 and includes the ability to unload trucks, blend coals, load 135 car unit trains in four hours and store over 4 million tons of coal. The new facility will primarily serve utility coal plants served by the Norfolk Southern once the rail facility is completed in the spring of 2018. Hallador's President and CEO, Brent Bilsland, stated, "We are excited about the development of the Princeton Loop as it enables Sunrise's low-cost production to access substantial new markets and better serve our customers."
Hallador's headquarters are in Denver, Colorado and through its wholly owned subsidiary, Sunrise Coal, LLC, produces coal in the Illinois Basin for the electric power generation industry. To learn more about Hallador or Sunrise, visit our websites at www.halladorenergy.com or www.sunrisecoal.com.
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SOURCE Hallador Energy Company