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Inside Energy (https://insideenergy.org/2015/11/09/arch-coal-warns-it-could-declare-bankruptcy/)

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Alpha Natural Resources

Arch Coal Warns It Could Declare Bankruptcy

By Stephanie Joyce, Wyoming Public Radio | November 9, 2015
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Arch canceled its quarterly earnings call, citing talks with creditors. But in its filings with the Securities and Exchange Commission, Arch says regardless of whether it is able to reach an agreement with those creditors, it may need to file for Chapter 11, which would allow the company to restructure.

Arch has billions of dollars in debt but little cash flow as the market for coal continues to weaken.

If Arch were to declare bankruptcy, it wouldn’t be the first of the coal majors. Alpha Natural Resources declared bankruptcy in August, following on the heels of Patriot Coal and Walter Energy.

Arch is the country’s second largest coal miner.

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Coal Watch

Coverage of the coal industry in transition, both spots and features.

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