CANONSBURG, Pa., March 26,
2024 /PRNewswire/ -- Early this morning, a tragedy
occurred after a container ship struck a support column of the
Francis Scott Key Bridge in Baltimore causing it to collapse. The ship was
not owned or operated by, or carrying materials bound to or from
the CONSOL Marine Terminal. Our primary concern is for the safety
of everyone affected.
The Coast Guard has established a safety zone for all navigable
waters of the Chesapeake Bay within a 2,000 yard radius around the
Francis Scott Key Bridge. As a result, vessel access in and out of
the CONSOL Marine Terminal, which is located in the Port of
Baltimore, has been delayed.
We are working closely with the Coast Guard, transportation
authorities and city officials to safely restore vessel access to
and resume normal operations at our CONSOL Marine Terminal.
However, at this moment, we do not have a definitive timeline of
when vessel access or normal operations will resume. We are looking
at all available options to us to minimize or address direct and
indirect impacts to the Company and its operations.
Our thoughts and prayers go out to the Baltimore community, the emergency response
teams and all of those impacted by this heartbreaking incident.
Contacts:
Investor:
Nathan Tucker, (724) 416-8336
nathantucker@consolenergy.com
Media:
Erica Fisher, (724) 416-8292
ericafisher@consolenergy.com
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this press release are "forward-looking
statements" within the meaning of the federal securities laws. With
the exception of historical matters, the matters discussed in this
press release are forward-looking statements (as defined in Section
21E of the Securities Exchange Act of 1934, as amended) that
involve risks and uncertainties that could cause actual results to
differ materially from results projected in or implied by such
forward-looking statements. These forward looking statements
include statements about CEIX's options and ability to minimize or
address direct and indirect impacts to the company, its business,
operations, financial conditions or otherwise relating to the
collapse of the Francis Scott Key Bridge near the Baltimore Port
including, but not limited to, the ability to move coal tons
through open terminals, increasing domestic shipments, asserting
force majeure under applicable contracts and successfully
recovering insurance with respect to any losses or other damages as
a result of the impact of the collapse of the bridge on our
business, operations and financial conditions. Accordingly,
investors should not place undue reliance on forward-looking
statements as a prediction of actual results. The forward-looking
statements may include projections and estimates concerning the
timing and success of specific projects and our future production,
revenues, income and capital spending. When we use the words
"anticipate," "believe," "could," "continue," "estimate," "expect,"
"intend," "may," "plan," "predict," "project," "should," "will,"
"would," "target," or their negatives, or other similar
expressions, the statements which include those words are usually
forward-looking statements. When we describe our expectations with
respect to the direct or indirect impact from the collapse of the
bridge that involves risks or uncertainties, we are making
forward-looking statements. We have based these forward-looking
statements on our current expectations and assumptions about future
events. While our management considers these expectations and
assumptions to be reasonable, they are inherently subject to
significant business, economic, competitive, regulatory and other
risks, contingencies and uncertainties, most of which are difficult
to predict and many of which are beyond our control. Specific
risks, contingencies and uncertainties are or may be discussed in
the future in more detail in our filings with the Securities and
Exchange Commission. The forward-looking statements in this press
release speak only as of the date of this press release and CEIX
disclaims any intention or obligation to update publicly any
forward-looking statements, whether in response to new information,
future events, or otherwise, except as required by applicable
law.
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SOURCE CONSOL Energy Inc.