The company, which operates two Powder River Basin mines, says exiting the thermal coal business is “the right business solution in the event we are unable to find an appropriate buyer.”
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Posted inEconomy
Wyoming coal operator Peabody Energy files bankruptcy
Wyoming coal company Peabody Energy files bankruptcy
Posted inColumns/Blogs
Black Thursday: Layoffs hit 500 Wyoming coal miners
Peabody Energy cut 235 miners, and Arch Coal cut 230 miners on Thursday morning. The reductions represent about 15 percent of each company’s Wyoming workforce.
Posted inenergy, Energy Report, Environment, Power to the People
State strikes deal to secure 18.5% of Arch’s bond obligation
Wyoming struck a deal with bankrupt miner Arch Coal, hoping to secure $17 million in collateral and $75 million in creditor priority on the company’s $485 million reclamation bonding obligation.
Posted inEconomy, energy
Wyoming may see 8 years without major coal lease sale
Wyoming mines still have many years of coal, but a review of the federal coal leasing program only adds to the industry’s uncertain future.
