Economy & Business

"Bankruptcy Expected for Arch Coal, a Reflection of Industry Woes"

"Arch Coal, the nation's second largest coal company, this week told the Securities and  Exchange Commission that it may join other coal companies in filing for bankruptcy. The company said it may have to seek Chapter 11 relief because of 'extremely challenging current market conditions.'  The company, which is burdened by $5 billion in debt, said it did not see an upturn in sight."

Source: High Country News, 11/11/2015


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