Arch Coal delays interest payments
Arch Coal will defer US$90 million of interest payments under a 30-day grace period clause in its indenture agreements.
Arch Coal will defer US$90 million of interest payments under a 30-day grace period clause in its indenture agreements.
Bank of American Merrill Lynch expect coal prices to continue to fall in 2016 as supply and demand trends keep the market in surplus.
The American Coal Council has released a statement on COP21.
US coal production will fall by a further 3% in 2016 after a drop of almost 100 million t in 2015, according to the EIA’s latest Short-Term Energy Outlook.