The Federal Trade Commission announced Wednesday it has filed an antitrust lawsuit against St. Louis-based coal companies Peabody Energy and Arch Coal.
The federal suit challenges a proposed joint venture between the country’s two top coal producers to combine mining operations in the southern Powder River Basin and Colorado.
“Whatever the product, the antitrust laws protect customers from mergers that lead to higher prices. This joint venture would eliminate the substantial head-to-head competition between the two largest coal miners in the United States,” Ian Conner, director of the FTC’s Bureau of Competition, said in a statement.
Full Content: St. Louis Public Radio
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