Arch Coal Inc

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Arch Coal completes acquisition of International Coal Group

International Mining | June 16, 2011
Coal piled in open railroad cars

Arch Coal has completed its acquisition of International Coal Group through a merger, with ICG becoming a wholly owned subsidiary of Arch. The aggregate value of the transaction totalled $3.4 billion. The acquisition adds nearly 13 Mt of low-cost Appalachian thermal coal production to Arch’s vast domestic thermal coal portfolio, solidifying the company’s number two position among US-based coal miners. With expected metallurgical coal sales of 11 Mt in 2011, Arch also becomes the second largest US metallurgical coal producer and a top ten global supplier to steelmakers. By capitalising on expansion opportunities, Arch expects to boost its metallurgical coal output to nearly 15 Mt by 2015.

  • For miners, coal is no longer hot

    Wall Street Journal Online | April 29, 2012

    It's been a bleak spring for U.S. coal miners—and the question for Arch Coal Inc. ACI -1.66% and Alpha Natural Resources Inc. ANR -3.88% is whether they can even meet lowered expectations.

  • Arch said to seek buyers for several U.S. coal mines

    Bloomberg | April 28, 2012

    Arch Coal Inc. (ACI), the fourth-largest U.S. producer of the fuel, is seeking buyers for several of its thermal-coal mines in the U.S., which together may fetch $600 million or more, said people with knowledge of the matter.

  • Mont. Judge Tosses Challenge To $86M Coal Lease

    Law360 | February 10, 2012

    A Montana state judge has rejected an environmental challenge to an $86 million Arch Coal Inc. coal lease, ruling on Feb. 3 that the state did not violate its duty to study and mitigate environmental impacts because it still had the power to stop mining or to demand adjustments before mining begins.

  • Arch Coal to open mine in Perry County

    Steel Guru | November 16, 2011

    It is reported that Arch Coal Inc has been updating the Perry County Board on its progress to open Lost Prairie Mine, which will mine 440 acres of an 848 acre site northwest of Pinckneyville, near Winkle.

  • Arch Coal hit, Kodak edges up in after-hours trade

    MarketWatch | September 30, 2011

    Shares of Arch Coal Inc. dropped Friday evening after the company cut its yearly earnings forecast, while Eastman Kodak Co. shares edged higher, but remained under a $1 each, following a plunge during the regular trading session.

  • Arch Coal Merger Consolidates Coking Space

    Seeking Alpha | May 2, 2011

    Things were already looking tight in the coking coal world before Arch Coal (ACI) decided to pay $3.4 billion for International Coal Group (ICO). The deal pays International Coal shareholders a 32% premium over Friday's close and will create the second-biggest U.S. supplier of metallurgical coal. As the buyer, Arch is taking a bit of a short-term beating in the market this morning, but take a look at the long-term prospects here.

  • Arch Coal to buy International Coal Group for $3.4bn

    Mineweb | May 2, 2011
    shovel coal mining

    Arch Coal (ACI.N) will buy smaller peer International Coal Group Inc (ICO.N) for $3.4 billion to create the second-largest U.S. producer of steel-making coal, the companies said on Monday. The deal is the latest in the coal industry, following Alpha Natural Resources' (ANR.N) $6.6 billion plan to buy Massey Energy (MEE.N) and Walter Energy's (WLT.N) $3.3 billion agreement to buy Canada's Western Coal.

  • Arch to export coal through British Columbia port

    MINING.com Editor | January 27, 2011
    coal ship loader- peter holland

    NYSE-listed Arch Coal has signed a five-year agreement with Canada's Ridley Terminals, which will allow Arch to export coal through the bulk-commodity marine terminal near Prince Rupert, in British Columbia. Mining Weekly reports:

  • Arch Coal sues EPA over veto of W.Va. mine permit

    mining news | April 5, 2010

    A subsidiary of mining giant Arch Coal Inc. sued the Environmental Protection Agency on Friday over the planned veto of a water quality permit for West Virginia's largest surface mine.

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