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Tag Archives: arch coal bankruptcy

Wyoming, Arch Coal reach bankruptcy bonding deal

CHEYENNE, Wyo. (AP) — Wyoming regulators have reached a deal with Arch Coal to accept up to $75 million in place of the company’s $486 million in bonding obligations in the state while the company goes through Chapter 11 bankruptcy. Among Arch’s two active mines in Wyoming is Black Thunder, one of the world’s largest coal complexes. Bonding helps ensure ...

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Alpha Natural Resources laying off nearly 900 at West Virginia mines

CHARLESTON, W.Va. — Bankrupt coal producer Alpha Natural Resources announced Monday it plans to lay off 831 miners and dozens more support staff at eight underground mines and two processing plants in southern West Virginia as a result of the industry’s downturn. Bristol, Virginia-based Alpha said it has sent 60-day layoff warning notices to Boone and Raleigh counties. The announcement ...

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New gloom for Rockies coal with Arch bankruptcy filing

CHEYENNE, Wyo. — The beginning of bankruptcy proceedings for the nation’s second-biggest coal company cast another dark cloud over the economy of Wyoming and other states in the top coal-producing region, following a bankruptcy filing by another major coal operator last year. Arch Coal Inc.’s Chapter 11 reorganization announced Monday won’t affect employee pay or benefits, cause mines to close, ...

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