Arch could reopen Coal Creek mine within a year

摘要

Given soaring prices, increased demand and the advantage of establishing another Powder River Basin Joint Line loadout, Arch Coal could reopen the Coal Creek mine as early as within a year. "The marketplace is starting to demand that coal, " Arch CEO Steve Leer told investors and analysts during his company's quarterly earnings call. While Arch earlier targeted 24 to 36 months as likely timing for Coal Creek's resurrection, the company has dialed that projection down to 12-24 months.