Saturday, March 27, 2010, 10:42am CDT
This is the first time in 37 years the EPA has vetoed such a project, prompting praise from environmentalists.
In response, Arch said it would pursue legal action. "Arch Coal is disappointed that EPA has chosen to take the unprecedented action to initiate the veto process ... against a validly issued and existing permit," the company said in a statement.
St. Louis-based Arch Coal (NYSE: ACI), headed by Chairman and CEO Steven Leer, is the second-largest U.S. coal producer with revenue of $2.6 billion in 2009
Source: http://www.bizjournals.com/stlouis/stories/2010/03/22/daily62.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_national+%28Bizjournals+National+Feed%29
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