Drudge Retort: The Other Side of the News
Tuesday, July 22, 2014

Arch Coal announced July 21 that it will be idling its Cumberland River Coal Company Complex in Appalachia, Virginia due to poor metallurgical coal markets, eventually eliminating 213 full-time positions. "With this move, we are actively responding to currently challenged metallurgical coal markets while striving to enhance our overall competitive cost position in Appalachia," said John W. Eaves, Arch's president and chief executive officer.

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REDIAL

 

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There will probably be a lot of this happening for a while. Met coal markets are at the bottom of the cycle and only larger, low cost producers are likely to survive intact.

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Hmmm... Walter Energy has idled a few as well.

#1 | Posted by REDIAL at 2014-07-22 10:31 PM | Reply | Flag:

Why blame the market in the thread title, Redial?
Environmentalism did this.

#2 | Posted by Diablo at 2014-07-23 02:42 AM | Reply | Flag:

"Environmentalism did this."

How did environmentalism cause a glut in the world's met coal supply?

#3 | Posted by REDIAL at 2014-07-23 07:31 AM | Reply | Flag:

Why blame the market in the thread title, Redial?

Well maybe that is because that is what the article shows. You know, facts and other nonsense like that.

#4 | Posted by 726 at 2014-07-23 08:03 AM | Reply | Flag:

Facts upset fanatics.

#5 | Posted by Harry_Powell at 2014-07-23 01:42 PM | Reply | Flag:

It's not good news for us met coal miners... usually we depend on Australian flooding to keep the oversupply down but they've had a few good years now.

#6 | Posted by REDIAL at 2014-07-23 02:31 PM | Reply | Flag:

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