Category: U.S. News

American Resources Reports 2019 Financial Results

American Resources reported its fourth quarter and full year ended December 31, 2019, financial results. Chairman and CEO Mark Jensen said, “2019 continued to be a transformational year for American Resources. Notwithstanding...

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Foresight Energy Reports Q1 2020 Results

Foresight Energy generated quarterly coal sales revenues of $99.1 million on sales volumes of 3.2 million tons, resulting in net income of $35.7 million and adjusted EBITDA of $12.1 million. Foresight Energy operates three...

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Arch Resources Reports Progress With Leer South

During the first quarter, Arch Resources invested $62.1 million in the continued build-out of Leer South in West Virginia, USA, bringing the capital expended on the project to $165 million since its launch in February 2019. Arch...

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Freedom Mine Reaches Milestone

On April 11, North American Coal Corp.’s Freedom mine hit a milestone, successfully mining its 500 millionth ton of coal. The Freedom mine near Beulah, North Dakota, is the largest lignite mine in the country and supplies coal...

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Buckskin Lays Off 60 Workers

Buckskin Mining Co. in Wyoming has laid off 60 workers in response to lower production and a deteriorating market for Powder River Basin coal. Workers were notified and were expected to be paid through April 2, as reported by...

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Foresight Energy Mines Produce 19.9M Tons for 2019

Foresight Energy generated fiscal-year coal sales revenues of $834 million on sales volumes of 19.7 million tons, resulting in a net loss of $320 million, and adjusted EBITDA of $185 million. Foresight mines produced nearly 19.9...

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American Resources Provides COVID-19 Update

American Resources Corp. announced an update on its operations and outlook regarding the global coronavirus (COVID-19) outbreak. It said it currently does not have any cases with any of its employees. It is taking all...

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Top 10 Coal Producing States & Regions

Week Ending (6/27/20)
(in Thousand Short Tons)
 YTD '20YTD '19% Change
West Virginia33,15748,247-31.3
North Dakota11,15812,989-14.1
Appalachian Total70,651100,544-29.7
Interior Total45,29766,766-32.2
Western Total142,580186,292-23.5
U.S. Total258,528353,602-26.9

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