arch coal

BNSF executive chairman Matthew Rose told the Montana Energy conference in Billings on Thursday the Fort Worth-based company also has stopped hiring and is offering buyouts to its older employees.

Peabody Energy and Arch Coal announced today that some 465 coal mine workers in the Powder River Basin are being laid off.

Peabody's Powder River Basin operations employ about 1,500 workers, leaving about 1,150 employed at the North Antelope Rochelle Mine after the announced reductions.

$75 million in place of Arch Coal's $486 million in bonding obligations in the state while the company goes through bankruptcy.