NEW YORK — Arch Coal, which has been hurt by the weakening demand for coal, filed for Chapter 11 bankruptcy protection Monday.
Arch Coal is a major partner in Millennium Bulk Terminals’ coal export terminal proposed at the Port of Longview.
The coal industry is struggling as electric power companies shift to using natural gas, which costs less than coal and produces less pollution. Other coal companies have filed for bankruptcy protection recently, including Alpha Natural Resources Inc. and Patriot Coal Corp. Arch Coal warned late last year that it may file for bankruptcy protection.
Filling for Chapter 11 bankruptcy protection allows companies to reorganize their debt while they keep their business operating.