Can the New President Reverse the Coal Industry's Decline?
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Can the New President Reverse the Coal Industry's Decline?
By Mark Welch, CTP, Partner, MorrisAnderson
Since 2007 coal consumption in the United States has declined 29 percent,1 and the cost per ton of thermal coal has declined from $140 to as low as $40 in 2016. Peabody Energy, Arch Coal, and Alpha Natural Resource, the top coal producers in the United States, have all filed for...
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Mark J. Welch, CTP, is a partner at MorrisAnderson and was named a 2011 “Person to Watch” by The Deal. He is a senior financial executive and management consultant who has led numerous turnaround, crisis management, and recovery and bankruptcy assignments. In addition to being a CTP, Welch is an active CPA.
