Arch idles another dragline, shovel at Black Thunder; U.S. record supply contraction?

摘要

Its eye squarely on the longer-term implications of the current economic trough, Arch Coal has taken significant steps to align its coal output with severely reduced U.S. and global demand, relying on its view that current price levels are unsustainable. Arch now projects sales volumes from company-controlled operations of 116 million to 120 million tons for the full year. Three months ago, the projection was 120 million to 127 million tons, so the drawdown is significant.