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AMAX Coal addresses inflation and new law costs
AMAX Coal Company explains how inflation and the Federal surface mine law raise coal mining costs and, in turn, consumer electricity prices. The firm notes $45 million already spent on reclamation and compliance with the law, with annual operating costs of $25 million or more. It argues government actions drive up electric bills while coal remains a cost effective power source.
MENTIONED IN THIS ARTICLE
Amax Coal Company
Amax Coal