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Arch Coal Halts a Proposed Coal Mine Project in Montana

2016-03-11 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Hill: Mining giant Arch Coal on Thursday said it will suspend its work on securing a permit for a new mine in southeastern Montana. In a statement, the company blamed capital constraints, a weak coal market and uncertainty in the permitting process for suspending its proposed Otter Creek Mine project. The company secured the lease rights to 8,300 acres of minerals in Otter Creek in 2010. The permitting process to begin mining, the company said, has taken longer than anticipated, and further deterioration...

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