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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
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September 16, 2014
09:59 EDTACIOn The Fly: Analyst Downgrade Summary
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07:16 EDTACIArch Coal downgraded to Reduce from Neutral at Nomura
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September 15, 2014
14:04 EDTACIChina coal rules won't materially suppress demand, says Brean Capital
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13:58 EDTACIChina to ban imports of dirtier coal, Reuters reports
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