ST. LOUIS, Jan. 3, 2022 /PRNewswire/ -- Arch Resources,
Inc. (NYSE: ARCH) today announced that Molly P. Zhang (aka Peifang Zhang) has been elected to its board of
directors, effective immediately.
"We are excited to have Molly join the Arch Resources board,"
said John W. Eaves, Arch's board
chair. "She brings exceptional leadership skills, tremendous
global business and technical expertise, and a wealth of
board-related experience in the industrial, energy and
environmental services sectors. I am certain she will be a
great addition to the Arch team."
"I share John's enthusiasm in welcoming Molly to the Arch team
and know that she will be an excellent fit with our already
high-performing board," said Paul A.
Lang, Arch's CEO and president. "I look forward to
working with Molly and the rest of the board as we continue to
chart Arch's future course in a smart, responsible and
value-creating manner."
Zhang brings three decades of international leadership
experience in the areas of global operations, business, and
technology. She previously served in various global executive
roles for Orica Limited, a global mining services company, most
recently as vice president of asset management. Prior to that
time, she held diverse senior leadership positions for Dow Inc.,
including managing director of SCG-Dow Group; global business vice
president for Dow's Technology Licensing and Catalyst business; and
manufacturing director for Dow Asia Pacific.
Zhang currently serves as a corporate director of Gates
Industrial Corporation plc and Aqua Metals, Inc., as well as on
several private company boards. Her previous public board
experience includes GEA Group, Cooper-Standard Holdings, Inc. and
Newmont Mining Corporation. She holds a master's degree in
Chemistry and a PhD in Chemical Engineering at the Technical
University of Clausthal, Germany.
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" – 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 often contain words such as "should," "appears,"
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
or "will." Forward-looking statements by their nature address
matters that are, to different degrees, uncertain. For us,
particular uncertainties arise from the COVID-19 pandemic,
including its adverse effects on businesses, economies, and
financial markets worldwide; from the impact of COVID-19 on
efficiency, costs and production; from changes in the demand for
our coal by the steel production and electricity generation
industries; from our ability to access the capital markets on
acceptable terms and conditions; from policy, legislation and
regulations relating to the Clean Air Act, greenhouse gas
emissions, incentives for alternative energy sources, and other
environmental initiatives; from competition within our industry and
with producers of competing energy sources; from our ability to
successfully acquire or develop coal reserves, including the
integration of our Leer South mine and its ramp-up to full
production; from operational, geological, permit, labor,
transportation, and weather-related factors; from the effects of
foreign and domestic trade policies, actions or disputes; from
fluctuations in the amount of cash we generate from operations,
which could impact, among other things, our ability to service our
outstanding indebtedness, fund capital expenditures, and pay
dividends in accordance with our announced plan; from our ability
to successfully integrate the operations that we acquire; from our
ability to generate significant revenue to make payments required
by, and to comply with restrictions related to, our indebtedness,
including our ability to repurchase our convertible notes; from
additional demands for credit support by third parties; from the
loss of, or significant reduction in, purchases by our largest
customers; from the development of future technology to replace
coal with hydrogen in the steelmaking process; and from numerous
other matters of national, regional and global scale, including
those of a political, economic, business, competitive or regulatory
nature. These uncertainties may cause our actual future results to
be materially different than those expressed in our forward-looking
statements. We do not undertake to update our forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law. For a description
of some of the risks and uncertainties that may affect our future
results, you should see the risk factors described from time to
time in the reports we file with the Securities and Exchange
Commission.
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SOURCE Arch Resources, Inc.