Coal Mine Closures Accelerate, and There's Scant Good News on the Horizon

SUGAR LAND, TEXAS--October 28, 2019--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Companies owning or leasing five coal mines and three preparation plants this month announced those facilities would close due to unfavorable economic conditions. Those moves are expected to result in the loss of at least 567 jobs. They follow earlier, and more surprising, job losses in Wyoming as a major operator in the low-cost Powder River Basin said it would close two mines, putting an estimated 600 workers on the unemployment line.

Within this article: Details on the woes of U.S. coal mining

Companies featured: Peabody Energy Corporation (NYSE:BTU)