CONSOL's total coal inventory decreased during the quarter by 0.7 million tons to 1.7 million tons as of September 30, 2012. Thermal coal inventory decreased by 0.8 million tons during the quarter, as sales outpaced the scaled-back production. Low-vol and mid-vol coal inventory increased by 0.1 million tons during the quarter, to 0.4 million tons.CONSOL Energy's core values are safety, compliance, and continuous improvement. During the first nine months of 2012, the company has experienced a 4% year-over year improvement in the incident rate among employees. On October 5, we held our second Core Value Summit with our key vendors to help them embrace our core values. As a result of our increased focus on outside vendor safety, we have experienced a 14% decline in our contractor incident rates over the same period. During the third quarter, the company's Enlow Fork Mine logged one million hours without incurring a recordable injury. Against this backdrop of improving overall safety, though, CONSOL Energy's coal division did suffer a fatality in the third quarter. While we continue to invest significantly to reach our ultimate goal of Absolute Zero, our challenge is to continue to identify and eliminate risks.
CONSOL Energy Announces Operational And Financial Update; Company Expects To Report A Third Quarter Loss Due To Combination Of Marketing And Operational Issues; Gas Division Reports Exploratory Success In Utica Shale
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