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US coal giants merge 7 Colorado, Wyoming mines to better compete against renewable energy

Greg Avery
US coal giants merge 7 Colorado, Wyoming mines to better compete against renewable energy

The two largest coal companies in the United States are combining their seven Colorado and Wyoming coal mines in a joint venture meant to make coal more competitive against wind power, solar and natural gas. Peabody Energy (NYSE: BTU) and Arch Coal (NYSE: ARCH), both based in St. Louis, are including the Twentymile mine in Routt County and the West Elk mine, near Gunnison, in the joint venture. The companies’ massive North Antelope Rochelle and Black Thunder mine areas in northeastern Wyoming are at the heart of the new venture and will be operated as one large coal mining complex, the companies announced Wednesday.