February 12, 2016 in News
Dismal coal news is seemingly everywhere these days. Alpha Natural Resources and Arch Coal, two of the country’s leading coal companies, have filed for bankruptcy. Wyoming mining hit a 13-year low in 2015. And natural gas was on track to displace coal as the country’s leading source of electricity generation for the first time in history through most if not all of 2015.
Usually, each story about coal’s woes contains a line that goes something like this: Cheap natural gas, an oversupplied market and... continue reading
February 11, 2016 in News
Wyoming regulators and Arch Coal have agreed to a deal that would cover 19 percent of the bankrupt mining firm’s $485 million reclamation bill.
The deal, which is likely to attract intense scrutiny from federal regulators and environmentalists, mirrors a similar agreement struck between the Department of Environmental Quality and another bankrupt coal company last year.
A federal bankruptcy judge must still approve the agreement, but its terms were outlined in a motion filed by Arch on Monday.
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February 10, 2016 in News
Alpha Natural Resources’ Wyoming mines are on the auction block.
The bankrupt coal company said in court filings Monday it had received a $500 million offer from its secured creditors to buy the Virginia-based firm’s core assets, including the Belle Ayr and Eagle Butte mines outside Gillette.
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