Arch Resources, Inc. (NYSE:ARCH) Q2 2023 Earnings Call Transcript
Operator: Good morning, and welcome to the Arch Resources Second Quarter 2023 Earnings Call. All participants will be in listen-only mode.
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Operator: Good morning, and welcome to the Arch Resources Second Quarter 2023 Earnings Call. All participants will be in listen-only mode.
Although it's reported the world is going through a transition away from fossil fuels to so-called 'green energy,' the data doesn’t support it. The use of coal in China has exploded thereby making overall coal consumption increase.
Operator: Good day and welcome to the Arch Resources Inc., First Quarter 2023 Earnings Call. All participants will be in a listen-only mode. Please note this event is being recorded.
This year is off to a solid start for both of the major companies mining coal in Wyoming. Arch Resources and Peabody Energy announced net first-quarter income of $198.1 million and $268.5 million, respectively, during separate calls with investors on Thursday. Arch owns the Black Thunder and Coal Creek mines. Peabody owns the North Antelope Rochelle, Caballo and Rawhide mines.
It was once considered "manifest destiny" that the two cities would become one.