July 21 Arch Coal Inc said it would idle
its Cumberland River coal company complex in Kentucky and
Virginia to limit production of steel-making coal amid depressed
prices and demand.
Idling of the complex will lead to elimination of 213 jobs
and reduce the company's full-year metallurgical coal volumes by
about 200,000 tons.
Arch Coal now expects to ship 6.3 million to 6.9 million
tons of metallurgical coal this year.
The company earlier said it expected full-year 2014 met coal
shipment of 6.3 million to 7.3 million tons.
(Reporting By Kanika Sikka in Bangalore; Editing by Don