"This is a mine that will add 25 percent to the over all coal mining that we do in Montana," stated Montana Governor Brian Schweitzer at the mine's reopening.
The [[Boich Group]] and [[FirstEnergy]] invested $400 million to reopen the mine, which will produce an estimated 12.5 million tons of annually by the end of 2010. On December 3, 2009 the companies announced that they planned to sell much of the coal to growing Asian markets.<ref>[http://www.reuters.com/article/idUSJAK47646520091203 U.S miner seeks to boost Asian coal sales], Fitri Wulandari, Reuters, December, 3 2009.</ref> However, by August 2012 it was reported that Signal Peak faced tough financial times as natural gas remained cheap and exports to Asia faced resistance in Western states.<ref>[http://earthfix.opb.org/energy/article/lump-of-coal-promising-mine-deal-hits-headwinds/ "Lump of Coal: Promising Mine Deal Hits Headwinds"] ProPublica, August 6, 2012.</ref>
===November 2009: Arch Coal leases 9,600 acres in Powder River Basin===