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Latest Business News

Sago Mine Where 12 Died Is Idled in W.V.

Wednesday, March 21, 2007 1:16:42 PM
By TIM HUBER

CHARLESTON, W.Va. (AP) - The owner of the Sago Mine, where 12 men died after an explosion last year, said Wednesday it has idled the coal operation because of high production costs and weak prices.

International Coal Group Inc. spokesman Ira Gamm described the shutdown as a purely business decision.

"No other factors are involved," he said. "This was a business decision, part of our ongoing evaluation of our operations."


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