Alert! Arch Coal dumping thermal coal mines! Everyone in coal mining knows there is no future in coal fired plants! Disaster!
Arch Coal Inc said on Friday it had sold a group of thermal coal mines in Utah to privately held Bowie Resources for $435 million in cash as the U.S. company looks to divest non-core assets and focus on its metallurgical coal projects.
What 3 days after Obama's speech Arch Coal unloading thermal coal mines? The writing is one the wall there will be no demand for thermal coal in the United States, new emission standards are Crushing!:)