LEXINGTON, Ky. (June 21, 2012) — Arch Coal, the second largest coal producer in the United States, will lay off more than 500 Kentucky miners in several counties, as well as 250 in West Virginia, a central Kentucky newspaper is reporting.
Arch Coal is expected to issue a statement late today, Bill Bissett, Kentucky Coal Association president told the Lexington Herald Leader.
A coal company representative told Leslie County Judge-Executive James Sizemore on Thursday morning that the Flint Ridge mine in Breathitt County, which employs 150 people, would be shutting down.
Sizemore told the paper 250 employees at a mine in Knott County at about 50 in a Perry County lost their jobs.
Arch Coal’s share prices have been down this year as the demand for coal from power companies has slumped in favor of natural gas.
Arch Coal has 22 mines in the United States.