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Arch Coal reports increased profits, stable production for Powder River Basin coal

February 14, 2018 in News

Arch Coal, owner of the mammoth Black Thunder mine outside Wright, increased profits last year, and officials expect production in the Powder River Basin to remain stable in 2018.

One of the three large coal companies in Wyoming to file for Chapter 11 during the downturn, Arch made $2.3 billion in revenue its first full year out of bankruptcy, it reported Tuesday.

The St. Louis-based firm finished out 2017 with $238.5 million in net earnings.

The final quarter of the year was also positive for Arch, with an $81.3 million profit, in part due to a $34.8 million tax benefit made possible by the federal Tax Cuts and Jobs Act of 2017, the company reported Tuesday.

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