Arch Coal

A coal-mining giant has filed for Chapter 11 bankruptcy protection amid an industrywide slump.

Peabody Energy — which is the biggest coal miner in the U.S. and says it is the largest private-sector coal company in the world — is looking to restructure its heavy debt load and gain relief from its creditors. It hopes to continue operations unimpeded.

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The coal industry is hurting. For decades, coal was the go-to fuel for generating electricity. Now that is changing.

The connection between coal and generating electricity goes back to the late 19th century. A good place to get a sense of that history is the small town of Sunbury, Pa. — specifically at the corner of Fourth and Market streets at the Hotel Edison.

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Flickr user: oatsy40

Arch Coal announced it was filing for Chapter 11 bankruptcy protection on Monday. The company operates the West Elk Mine outside of Paonia and is the second largest coal company in the U.S.   

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Flickr user: oatsy40

Arch Coal recently said that it might file for bankruptcy. The St. Louis-based company operates the West Elk Mine near Somerset and is the second largest coal company in the U.S. KVNF's Laura Palmisano spoke to Robert Godby, an economics professor at the University of Wyoming, who tracks the coal industry, about the announcement.  


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NPS

Arch Coal and the Forest Service will not be appealing a decision that revokes the company's expansion lease, as well as vacating an exception in the Colorado Roadless­ Rule that allows for expanded mining in the North Fork. 

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NPS

A District Court Judge revoked a lease expansion granted to Arch Coal in 2012.  

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NPS

An expansion at the West Elk Mine has been halted by U.S. District Court Judge R. Brooke Jackson.

KVNF File Photo

It’s been a rough season for the coal mines of the North Fork Valley. Last week, Oxbow’s Elk Creek Mine in Somerset laid off another 115 workers, bringing the total number of jobs cut at that mine this fall to over 250.

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The West Elk Mine near Somerset has been given a temporary reduction in the royalties it pays to the state and federal governments. KVNF’s Ariana Brocious reports that the reduction is because the mine has encountered some tricky geological conditions.