Arch Coal Closes Mining Complexes Due to Slow Coal Demand

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.

Click here to read the full Reuters report.