ST.
LOUIS, Jan. 17, 2024 /PRNewswire/ -- Arch
Resources, Inc. (NYSE: ARCH) today announced that the Leer mine had
achieved Level A verification for all protocols comprising the
Towards Sustainable Mining (TSM) initiative. Leer is the first mine
of any type to achieve and verify this performance level through
TSM's new subscription program, which allows any mine anywhere in
the world to implement this globally recognized sustainability
initiative for the mining industry.
"Arch views leadership in all aspects of sustainability –
including mine safety, environmental stewardship, community
outreach, inclusion, and integrity – as the bedrock of its
corporate culture and the key to its long-term success," said
Paul A. Lang, Arch's chief executive
officer and president. "On behalf of Arch's board of directors and
its entire senior officer team, I want to congratulate the Leer
workforce for meeting the rigorous and comprehensive requirements
of the Towards Sustainable Mining initiative and – in doing so –
demonstrating yet again its deep and abiding commitment to the
highest standards of sustainability."
"Congratulations to Arch Resources' Leer mine for this
significant accomplishment," said Pierre
Gratton, Mining Association of Canada CEO. "As TSM continues
to drive performance in more and more jurisdictions around the
world, it is heartening to see Arch leading the way in the U.S.
This kind of achievement helps demonstrate to the world that mining
is not only essential, but that it can be done
responsibly."
TSM provides a set of tools and indicators that drive
performance and ensure that key mining risks are managed
responsibly. TSM's eight performance protocols center on indigenous
and community relationships; crisis management and crisis planning;
safety and health; prevention of child and forced labor; tailings
management; biodiversity conservation management; water
stewardship; and climate change.
Arch expects to pursue TSM verification at its other
metallurgical mines starting in 2024 as it works to extend its
sustainability leadership in the mining industry and to strengthen
its position as a supplier of choice to an increasingly
sustainability-focused global steel industry.
Arch Resources is a premier producer of high-quality
metallurgical products for the global steel industry. The company
operates large, modern and highly efficient mines that consistently
set the industry standard for both mine safety and environmental
stewardship. Arch Resources from time to time utilizes its website
– www.archrsc.com – as a channel of distribution for material
company information. To learn more about us and our premium
metallurgical products, go to www.archrsc.com.
Forward-Looking Statements: This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended - that is, statements
related to future, not past, events. In this context,
forward-looking statements often address our expected future
business and financial performance, and future plans, and often
contain words such as "should," "could," "appears," "estimates,"
"projects," "targets," "expects," "anticipates," "intends," "may,"
"plans," "predicts," "believes," "seeks," "strives," "will" or
variations of such words or similar words. Actual results or
outcomes may vary significantly, and adversely, from those
anticipated due to many factors, including: our ability to achieve
TSM verification at our other metallurgical mines on the expected
timeframe or at all; loss of availability, reliability and
cost-effectiveness of transportation facilities and fluctuations in
transportation costs; inflationary pressures and availability and
price of mining and other industrial supplies; changes in coal
prices, which may be caused by numerous factors beyond our control,
including changes in the domestic and foreign supply of and demand
for coal and the domestic and foreign demand for steel and
electricity; volatile economic and market conditions; operating
risks beyond our control, including risks related to mining
conditions, mining, processing and plant equipment failures or
maintenance problems, weather and natural disasters, the
unavailability of raw materials, equipment or other critical
supplies, mining accidents, and other inherent risks of coal mining
that are beyond our control; the effects of foreign and domestic
trade policies, actions or disputes on the level of trade among the
countries and regions in which we operate, the competitiveness of
our exports, or our ability to export; competition, both within our
industry and with producers of competing energy sources, including
the effects from any current or future legislation or regulations
designed to support, promote or mandate renewable energy sources;
alternative steel production technologies that may reduce demand
for our coal; our ability to secure new coal supply arrangements or
to renew existing coal supply arrangements; the loss of, or
significant reduction in, purchases by our largest customers;
disruptions in the supply of coal from third parties; risks related
to our international growth; our relationships with, and other
conditions affecting our customers and our ability to collect
payments from our customers; the availability and cost of surety
bonds; including potential collateral requirements; we may not have
adequate insurance coverage for some business risks; additional
demands for credit support by third parties and decisions by banks,
surety bond providers, or other counterparties to reduce or
eliminate their exposure to the coal industry; inaccuracies in our
estimates of our coal reserves; defects in title or the loss of a
leasehold interest; losses as a result of certain marketing and
asset optimization strategies; cyber-attacks or other security
breaches that disrupt our operations, or that result in the
unauthorized release of proprietary, confidential or personally
identifiable information; our ability to acquire or develop coal
reserves in an economically feasible manner; our ability to pay
dividends or repurchase shares of our common stock according to our
announced intent or at all; the loss of key personnel or the
failure to attract additional qualified personnel and the
availability of skilled employees and other workforce factors;
existing and future legislation and regulations affecting both our
coal mining operations and our customers' coal usage, governmental
policies and taxes, including those aimed at reducing emissions of
elements such as mercury, sulfur dioxides, nitrogen oxides,
particulate matter or greenhouse gases; increased pressure from
political and regulatory authorities, along with environmental and
climate change activist groups, and lending and investment policies
adopted by financial institutions and insurance companies to
address concerns about the environmental impacts of coal
combustion; increased attention to environmental, social or
governance matters ("ESG"); our ability to obtain and renew various
permits necessary for our mining operations; risks related to
regulatory agencies ordering certain of our mines to be temporarily
or permanently closed under certain circumstances; risks related to
extensive environmental regulations that impose significant costs
on our mining operations and could result in litigation or material
liabilities; the accuracy of our estimates of reclamation and other
mine closure obligations; the existence of hazardous substances or
other environmental contamination on property owned or used by us;
and risks related to tax legislation. All forward-looking
statements in this press release, as well as all other written and
oral forward-looking statements attributable to us or persons
acting on our behalf, are expressly qualified in their entirety by
the cautionary statements contained in this section and elsewhere
in this press release. These factors are not necessarily all of the
important factors that could cause actual results or outcomes to
vary significantly, and adversely, from those anticipated at the
time such statements were first made. These risks and
uncertainties, as well as other risks of which we are not aware or
which we currently do not believe to be material, may cause our
actual future results and outcomes to be materially, and adversely,
different than those expressed in our forward-looking
statements.
In addition, historical, current, and forward-looking
ESG-related statements may be based on standards for measuring
progress that are still developing, and internal controls and
processes that continue to evolve. With respect to ESG information
that pertains to our third-party vendors, suppliers and partners,
we often rely on such third-parties' data and do not independently
verify or audit, or commit to independently verifying or auditing,
their information. Such information may also change over time as
methodologies and data availability and quality continue to evolve.
These factors, as well as any inaccuracies in third-party
information we use, including in estimates or assumptions, may
cause results to differ materially and adversely from statements,
estimates and beliefs made by us or third parties. For these
reasons, readers should not place undue reliance on any such
forward-looking statements. These forward-looking statements speak
only as of the date on which such statements were made, and we do
not undertake, and expressly disclaim, any duty to update our
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by the
federal securities laws. For a description of some of the risks and
uncertainties that may affect our future results, you should see
the risk factors described from time to time in the reports we file
with the Securities and Exchange Commission.
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SOURCE Arch Resources, Inc.