New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
07:31 EDTACIArch Coal sells hazard thermal mining complex to Blackhawk for $26.3M
Arch Coal announced that it has sold its Hazard subsidiary to Blackhawk Mining for $26.3M in cash, prior to post-closing adjustments. This sale includes the Hazard thermal coal mining complex and related infrastructure as well as approximately 38M tons of thermal coal reserves in eastern Kentucky. As part of the sale, Arch has divested $15.6M of reclamation liabilities to Blackhawk, and expects to be released from $43.8M of reclamation surety bonding. In addition, Arch has the potential to receive future royalty payments of up to $35M in aggregate over the next five years resulting from its retention of select coal reserves at Hazard.
News For ACI From The Last 14 Days
Check below for free stories on ACI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2014
07:46 EDTACIArch Coal reports Q2 adj. EPS (46c), consensus (49c)
Subscribe for More Information
July 21, 2014
16:19 EDTACIArch Coal idles Cumberland River coal complex, eliminates 213 full-time jobs
Arch Coal announced that it is idling the Cumberland River Coal Company complex. The Cumberland River complex comprises two underground operations and related facilities. 213 full-time positions will be eliminated by idling Cumberland River. "With this move, we are actively responding to currently challenged metallurgical coal markets while striving to enhance our overall competitive cost position in Appalachia," said John Eaves, Arch's president and CEO. "Our strategy is to increasingly shift our portfolio toward higher-margin, lower-cost metallurgical coal operations, while retaining our valuable reserves for when market conditions strengthen in the future."

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use