Alliance Resource Partners, L.P. ARLP announced that it has taken certain initiatives to counter the challenges created by the breakout of novel coronavirus. COVID-19 has been spreading like wildfire in the United States and its impact is being felt across the globe. Per Johns Hopkins University and Medicine, this virus has already infected 189,633 people in United States and claimed 4,081 lives. To control further spread of this virus, the guidelines for social distancing will stay in place through Apr 30.
The extended period of lockdown will mean lower demand for electricity from the manufacturing and commercial space. Markedly, coal as an energy source is gradually being replaced by other cleaner sources of fuel to lower emissions. Alliance Resource Partners has decided to withdraw its operational