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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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October 13, 2014
09:31 EDTACIArch Coal sees Q3 adjusted EBITDA $70M-$74M
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October 10, 2014
09:38 EDTACIActive equity options trading on open
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October 9, 2014
11:36 EDTACICoal price near-term rebound less likely after China tax, says Brean Capital
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11:00 EDTACIChina to reinstate tariffs on coal, Bloomberg reports
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