July 27, 2012 / 12:06 PM / in 5 years

Arch Coal posts quarterly loss, mine closures weigh

July 27 (Reuters) - Arch Coal Inc posted a steep second-quarter loss on Friday, hurt by charges to close some coal mines, and trimmed it forecast for sales of steel-making metallurgical coal.

The second-quarter loss was $435.5 million, or $2.05 per share, compared with a profit of $6.3 million, or 4 cents per share, in the year-ago quarter.

Excluding restructuring charges to close mines and other one-time items, the loss per share was 10 cents, the company said.

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