WorldWide Drilling Resource

YOUR AD COULD BE HERE AND SEEN BY THOUSANDS ALL YEAR! 33 NOVEMBER 2021 WorldWide Drilling Resource® Mine Accelerated Closure f WorldWide Drilling Resource® mine, one of the smallest mines in the Powder River Basin, Wyoming. Following a reported $78.5 million loss for the final quarter of 2020, her products. Arch Resources said it plans to wind down operations at the mine south of Gillette and begin cleaning up the site over the next n of facilities,” Arch CEO and President Paul Lang said. course, the closure of Coal Creek will necessitate further reductions in our Wyoming workforce, but we expect to achieve that in an employnt circles, with the company taking steps to reduce its number of corporate staff by 25% through a “voluntary separation program” expected e coal industry. “Arch, and other coal companies, have provided jobs and revenue for many years, and I expect they will continue to do so, al coal primarily burned to generate electricity at U.S. power plants - would eventually force the closure of one or more mines in the region. ng for years. Natural gas and renewable energy have gradually pushed thermal coal out of electricity markets. it’s happening in orderly fashion.” Arch Resources is one of the two coal operators in the basin today which can afford to close operations producing at a profit. ure of the mine. “We expect our thermal mines to continue to generate sufficient levels of free cash to fund their own final reclamation and tinue harvesting value and cash from Arch’s thermal assets as the company focuses on reducing thermal operations. “We are tremendously ain in a difficult and declining demand environment,” Lang added. tion is completed on all mines when appropriate, and Arch has made an internal business decision to do so at Coal Creek,” he said.