Risk Factors Update Summary
- Increased competition within the coal industry for alternative steel production technologies may reduce demand for metallurgical coal.
- Inaccuracies in estimates of coal reserves could result in decreased profitability from lower-than-expected revenues or higher-than-expected costs.
- Failure to obtain or renew surety bonds could impact financing arrangements. As of December 31, 2023, the company had approximately $552 million in surety bonds backed by $70 million of letters of credit outstanding.
- Operational difficulties at mines operated by third parties could affect the availability, pricing, and quality of coal purchased by the company.
- The company's profitability depends on its ability to mine and process coal reserves that possess desired quality characteristics.
- Changes in demand from other coal producers and factors beyond the company's control could affect the availability, pricing, and quality of coal purchased.
- Enhanced climate disclosure requirements could accelerate the decline in demand for coal.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1037676&owner=exclude
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