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Arch Coal files for Chapter 11 bankruptcy protection

2016-01-11 17:07:53| Energy - Topix.net

The coal industry is struggling as electric power companies shift to using natural gas, which costs less than coal and produces less pollution. Other coal companies have filed for bankruptcy protection recently, including Alpha Natural Resources Inc. and Patriot Coal Corp. Arch Coal warned late last year that it may file for bankruptcy protection.

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