Moody’s expects Powder River Basin mine closures in early 2020s

摘要

Coal mined from the Powder River Basin, the most productive coal-producing area in the US, is expected to decline significantly next year and could pressure companies to close “at least a few” mines there in the early 2020s, Moody’s Investors Service wrote in a note issued Wednesday. Multiple bankruptcy restructurings and a planned joint venture between Arch Coal and Peabody Energy in the PRB have recently changed the region’s competitive landscape. But that has not fundamentally altered its poor overall long-term trajectory, wrote Benjamin Nelson, a vice president and senior credit officer with Moody’s.