Is There Hope for Restructuring the U.S. Coal Industry?

If you have been following U.S. mining industry news at all, then you're no doubt already aware that all is not well in the coal sector, nor has it been for some time. Ranking near the top of the list of concerns is the suspicion that the country might not actually have much more economically viable coal to mine.

[An] exhaustive government analysis says that at current prices and mining rates the country's largest coal reserves, located along the Montana-Wyoming border, will be tapped out in just a few decades (Salt Lake Tribune).

Since this area of the West is known to have the largest deposits of coal in the nation, the conventional wisdom that America is the "Saudi Arabia of coal" has naturally been called into question. Some have even gone so far as to say that the entire industry is "falling apart."

Not everyone greets the news of shrinking coal reserves with such dramatics, however. Sidestepping the general hand-wringing and pronouncements of doom, many experts believe that while the U.S. mining industry must certainly face some restructuring, such restructuring will keep the industry viable well into the future.

As supporters of the U.S. mining industry and purveyors of OTR tires, we look forward with avid interest to seeing how the coal industry digs its way out of this slump. We have little doubt that they will do so in good time, and we look forward to reporting their progress to you in the days to come.

In the meantime, bear in mind that we carry a full supply of OTR tires for all of your mining needs. To hear more about our current deals, please feel free to contact us.

Image credit: Powder River Basin Map by USGS via Wikimedia

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