The St. Louis-based company among the world’s biggest coal producers lost 61 cents per share in the July-through-September period.
Legal action sought to preserve benefits for bankrupt Patriot Coal’s active and retired miners.
In revival style meeting with prayers, Biblical references and the song “Amazing Grace,” United Mine Workers of America President Cecil Roberts told workers that if Jesus were on the scene he would be on their side.
St. Louis based mining outfit says it will lay off more than 100 workers in Kentucky and Virginia.
Hundreds gathered to plant 1,000 white crosses in Kiener Plaza to honor the memory of those who died at coal mines operated.
Federal probe looks into St. Louis based Peabody Energy & Arch Coal practices, as well as others.
David N. Warnecke, Arch’s senior vice president of marketing, plans to retire from the corporation May 2014.
Industry struggling to sustain market share
ST. LOUIS–(KMOX)–If they wrote blues songs about the coal industry, they’d have plenty to sing about – as three major coal companies in St. Louis are under pressure from falling demand, tougher regulations and competition from natural gas. […]
Arch Coal Inc. says its first-quarter earnings slumped due to a weak U.S. market for coal used to generate electricity.