Is Arch Coal Inc On The Verge Of Chapter 11 Bankruptcy?

Eric Shew News

With many coal mining companies seeking for Chapter 11 bankruptcy, Arch Coal may also join the list considering its current debt and coal market conditions
The fall in coal prices has caused many mining companies including Walter Energy, Inc. (OTCMKTS:WLTGQ), Alpha Natural Resources, Inc. (OTCMKTS:ANRZQ), Patriot Coal Corporation (OTCMKTS:PCXCQ) and others to file for chapter 11 bankruptcy. Analysts expect that Arch Coal Inc (NYSE:ACI) may also file for Chapter 11 bankruptcy soon, if it remains unsuccessful in finalizing the credit swap deal this week.
Read the full story here.
Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn