Obama’s war on coal claims another victim.
FUBO!! One year left for this Marxist/fascist traitor.
Arch was a big deal in E. Ky at one time, employed probably a 1000 men directly or indirectly. Strange to me to find out that Arch was able to mine with no reclamation bonds, they used to have to be put up in cash by the little guys. Guess there is always 2 sets of rules. These same type stories of bk’s and layoffs are going on each week in Ky. It is not just a down market, you can lay it at the feet of Obama.
Multiple victims, actually. The company owners. stockholders and employees, and the people of Wyoming and the U.S. who lose out on shares of the $1.3 bil in taxes they will no longer pay.