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Arch Coal Closes Mining Complexes Due to Slow Coal Demand
Jun. 21, 2012 03:34PM PST
Industrial MetalsReuters reported that Arch Coal (NYSE:ACI) is laying off workers and shutting down coal operations as demand for the fuel source dwindles.
Reuters reported that Arch Coal (NYSE:ACI) is laying off workers and shutting down coal operations as demand for the fuel source dwindles.
As quoted in the market news:
The moves will reduce Arch’s annual thermal coal production by more than 3 million tons, though it still expects thermal coal sales of 128 million to 134 million tons this year.
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