Monday, September 27, 2010

Arch Coal (NYSE:ACI) Still Waiting for EPA Decision on Spruce No. 1 Mine

The expected recommendation to the EPA by its Region 3 administrator was received concerning the Spruce No. 1 Mine of Arch Coal (NYSE:ACI), but the agency refused to disclose what it was, according to a spokeswoman, saying it'll be some time before a final decision is made.

At issue is whether to allow Arch to proceed with their mountaintop-removal coal mining operation at the site, which will be the largest in the region.

Now the recommendation will be sent to the EPA's Office of Water to be reviewed. The EPA said a decision on the matter will be made this fall.

The mine, located in Logan County, West Virginia, is the first in the history of the EPA to be put on hold after a permit was issued by the Corp of Engineers to go forward with a project like this.

The EPA is empowered to veto the permits if they choose.

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