Randy Milliron
Member since: 2021
I live in beautiful Gillette, Wyoming and we are Coal Country. In fact the City of Gillette s motto is The Energy Capital of the Nation as 40-60% of the Nation s energy needs come from Campbell County (oil, gas, methane, and coal). I am a strong proponent of the Coal industry as I worked as a Safety Supervisor for 3 of our local coal mines (Caballo, North Antelope Rochelle, and Eagle Butte/Belle Ayr). I know first hand what the leftist narratives do to affect the life we lead out here in Wyoming.
Source: Alan J. Nash
The owner of the second-largest coal mine in the U.S. by production volume is planning for the asset s closure as retirement dates approach for several plants that burn much of the mine s fuel.
Coal demand in the U.S. has been declining for years, and Arch Resources Inc. announced Feb. 9 that it would be winding down its thermal coal operations, including those at Black Thunder, a Wyoming mine that produced 12.7 million tons of coal in the fourth quarter of 2020. Black Thunder production represented about 9.7% of the coal mined in the country in that period, according to an S&P Global Market Intelligence analysis.
Closures, more volume declines hitting Powder River Basin coal region in US spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.
Written by Associated Press on December 29, 2020
GILLETTE, Wyo. (AP) A St. Louis-based energy company and the largest thermal coal producer in the Powder River Basin has announced an agreement with its creditors to refinance $459 million of debt, potentially staving off a second bankruptcy in five years.
The agreement by Peabody Energy Corp. includes all of its revolving lenders and about 65% of its 6% senior secured notes due in 2022, the Gillette News Record reported Monday.
The creditors have agreed to extend the 2022 notes another two years, officials said. Credit lenders also have agreed to convert existing debt into a new loan also due in December 2024.