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efforts the impact of hedging activity related to commodity purchases that do not receive hedge accounting due to fluctuations in commodity
prices, which are difficult to forecast due to their inherent volatility. These amounts have historically varied and may continue to vary
significantly from quarter to quarter and material changes to these items could have a significant effect on our future GAAP results. Idle and
administrative costs that are not included in a reportable segment are expected to be between $20 million and $25 million in 2024.
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: loss of availability,
reliability and cost-effectiveness of transportation facilities and fluctuations in transportation costs;
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; inflationary pressures on 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; 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; the effects of
significant foreign conflicts; the loss of, or significant reduction in, purchases by our largest customers;
our relationships with, and other conditions affecting our customers and our ability to collect payments
from our customers; risks related to our international growth; 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; 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; inaccuracies in our estimates of our coal reserves; defects in title or the loss of a
leasehold interest; the availability and cost of surety bonds, including potential collateral requirements;
we may not have adequate insurance coverage for some business risks; disruptions in the supply of coal
from third parties; decreases in the coal consumption of electric power generators could result in less
demand and lower prices for thermal coal; 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; public health emergencies, such as pandemics or epidemics, could have an adverse effect on our
business; 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