coal markets

Arch Coal changed its name to Arch Resources earlier this year as part of its strategy to move away from Wyoming thermal coal
Arch Resources

A federal judge has ruled against a proposed joint venture between the two largest coal producers in the nation. District Judge Sarah Pitlyk found that consolidating seven of Arch Resources Inc. and Peabody Energy Corp's mines in the Powder River Basin and Colorado wouldn't bode well for the region's market.

Cloud Peak Energy

Cloud Peak Energy has announced it will review "strategic alternatives". Basically, that means the coal producer is open to major changes, including a potential sale of the company in order to improve its financial situation. The move was announced alongside bonuses to executives encouraging them to stay on.

Market Summary of Cloud Peak Energy just after announcing its potential sale
Google Market Summary

Cloud Peak Energy, one of the largest coal producers in the country with two mines in Wyoming, announced today it will review strategic alternatives which include a potential sale of the company. The announcement comes after company stock shares hit a 52-week low today at $1.32. That’s nearly half of its value from this time last year.