Arch Coal

A shovel prepares to dump a load of coal into a 320-ton truck at the Arch Resources Inc.-owned Black Thunder mine near Wright.

An accelerated plan to exit the Powder River Basin continues for Arch Resources Inc., which reported this week that it’s on pace to stop producing coal from its Coal Creek mine by the end of the year and to account for about 80% of its reclamation obligations at the mine by mid-2022.

“We are methodically harvesting value and cash from our legacy thermal assets, while working down our long-term closure obligations in a systematic and measured way,” said Arch Chief Executive Officer Paul A. Lang in a 2021 first-quarter earnings report released Thursday morning.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.