Arch Coal Files For Chapter 11 Bankruptcy Amid Declining DemandMani
Arch Coal, one of the biggest coal companies in the U.S., filed for Chapter 11 bankruptcy and reached a $4.5 billion debt deal with lenders. U.S. coal miners are struggling as electric companies shift to using natural gas, which is cheap and relatively clean.
Arch Coal seeks to trim $4.5 billion in debt
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