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Coal's Latest Retreat: Arch Backs Away From Huge Montana Mine
Inside Climate News: The writing has been on the wall as domestic and global coal markets have evaporated, but the announcement last week by St. Louis-based Arch Coal still came with a loud thud. Arch, the second largest U.S. coal producer, now in bankruptcy, announced it would no longer seek a permit for the largest proposed coal mine in the country, in Montana's Otter Creek valley.
The company cited "further deterioration in coal markets" in its decision to table its application to the Montana Department of Environmental Quality for a mine in southeastern Montana's portion of the Powder River Basin that contains 1.4 billion tons of coal.
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