There have been a lot of hosannas passed around about Arch Coal and Peabody Energy and their joint venture to bring the companies’ western operations under one roof. On the production side of things, there have been few critics of a plan that most think was an inevitability and many think was a masterstroke. On the investor side, most like the plan. On the buying side, there’s a bit more of a wait-and- see attitude.
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