US District Court upholds FTC’s decision to block Peabody and Arch’s JV

Published by Jessica Casey, Deputy Editor
World Coal, Thursday, 01 October 2020 11:45

Peabody has announced that the US District Court concluded its review and is supporting Federal Trade Commission (FTC) efforts to block the formation of the joint venture combining the Peabody and Arch’s Powder River Basin (PRB) and Colorado assets.

Peabody President and CEO, Glenn Kellow, commented: "Our focus now is on continuing to be the low-cost PRB coal provider to best compete against natural gas and subsidised renewables. We remain committed to ensuring our customers continue to have access to a reliable and affordable fuel source."

Read the article online at: https://www.worldcoal.com/coal/01102020/us-district-court-upholds-ftcs-decision-to-block-peabody-and-archs-jv/

JSW Group increases net profit in 3Q22

Friday 02 December 2022 10:00

JSW Group has maintained its record performance, despite the increasingly difficult market environment, as well as declining coking coal and coke prices on global markets.

You might also like