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Stock Market & Financial Investment News

News Breaks
February 5, 2013
08:47 EDTACIArch Coal sees 2013 sales from company-controlled operations 133M-144M tons
Arch Coal expects sales from company-controlled operations of 133M-144M tons for 2013.  Included in this range are projected sales of 8M-9M tons of metallurgical coal.  At expected volume levels, Arch said it is nearly 90% committed on thermal sales for 2013.  Given the below-capacity production levels set for 2013, Arch currently anticipates that cash costs per ton in each of its operating regions will be similar to 2012 levels. Capital expenditures totaled $395M in 2012, which was $145M less than in 2011 and $25Mless than the company's projected spend. For 2013, Arch expects capital spending to be at or below $350M, which includes $100M for the completion of the Leer metallurgical mine in Appalachia and $80 million for reserve additions. The company said, ""We expect 2013 to be a rebalancing year for global and domestic coal markets, and our current guidance range reflects this assumption. Coal price increases are likely to follow what we expect will be improving coal supply and demand trends.  As such, we believe our performance in the second half of 2013 is likely to be stronger than in the first half."
News For ACI From The Last 14 Days
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August 3, 2015
16:00 EDTACIObama Clean Power Plan sends coal sector plummeting
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10:00 EDTACIOn The Fly: Analyst Downgrade Summary
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06:28 EDTACIArch Coal downgraded to Market Perform from Outperform at Cowen
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August 2, 2015
18:30 EDTACIArch Coal criticizes 'ill-advised and poorly designed' Clean Power Plan
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July 30, 2015
09:25 EDTACIOn The Fly: Pre-market Movers
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07:42 EDTACIArch Coal sees FY15 thermal sales volumes 120M-124M tons
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07:41 EDTACIArch Coal says economic recovery and return to normal temperatures boosts demand
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07:40 EDTACIArch Coal said Q2 coal market remained 'incredibly challenging'
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07:39 EDTACIArch Coal reports Q2 adjusted EPS (73c), consensus (54c)
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July 27, 2015
16:09 EDTACIArch Coal postpones on-for-ten reverse stock split
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06:45 EDTACIArch Coal has dark future despite reverse stock split, WSJ reports
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July 22, 2015
06:23 EDTACIPeabody downgraded to Neutral from Overweight at JPMorgan
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July 20, 2015
08:32 EDTACIArch Coal announces one-for-ten reverse stock split
Arch Coal announced a one-for-ten reverse stock split of Arch's common stock. Arch's stockholders granted authority to the Arch Board of Directors to effect this reverse stock split at the company's annual meeting of stockholders on April 23. The reverse stock split is expected to take place after market close on July 27. It also is expected that Arch's common stock will begin trading on a split-adjusted basis on the New York Stock Exchange at the market open on July 28. As a result of the reverse stock split, the number of outstanding shares of Arch's common stock will be reduced from approximately 213M to approximately 21.3M.

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