BNSF executive chairman Matthew Rose told the Montana Energy conference in Billings on Thursday the Fort Worth-based company also has stopped hiring and is offering buyouts to its older employees.
Peabody's Powder River Basin operations employ about 1,500 workers, leaving about 1,150 employed at the North Antelope Rochelle Mine after the announced reductions.
Arch Coal, Inc. (“Arch” or the “company”) (NYSE: ACI) has announced that it has reached an agreement with a majority of the lenders under its $1.9 billion first lien financing facility to significantly restructure the company’s debt load.
The coal industry says the state of Wyoming has earned just over $2 billion on federal coal lease sales over the last 20 years.
Marion Loomis, executive director of the Wyoming Mining Association, says Arch Coal's successful $300 million bid in the Powder River Basin earlier this month pushed the state's share of lease revenue to $2...
CHEYENNE, Wyo. (AP) — A subsidiary of St. Louis-based Arch Coal has submitted a successful bid of just over $300 million for the right to mine more than 200 million tons of coal in northeast Wyoming.
The U.S. Bureau of Land Management announced the sale Wednesday, saying the bid by Ark Land Company met or exceeded fair market value for the coal...