Arch Coal

St. Louis-based Arch Coal to lay off about 750 workers in Appalachia

The Associated Press and St. Louis Public Radio — Thu, 21 Jun 2012 17:57:26 +0000

Updated 4:42 p.m. with additional layoffs and information.

One of the world's largest coal producers, St. Louis-based Arch Coal, says it will lay off about 750 workers in the Kentucky, Virginia and West Virginia coalfields.

It's the latest setback for an industry struggling for market share as utilities switch to cleaner and cheaper alternatives.

Arch Coal secures $300M Wyo. coal lease

The Associated Press — Thu, 15 Dec 2011 17:53:22 +0000

A subsidiary of St. Louis-based Arch Coal has submitted a successful bid of just over $300 million for the right to mine more than 200 million tons of coal in northeast Wyoming.

The U.S. Bureau of Land Management announced the sale Wednesday, saying the bid by Ark Land Company met or exceeded fair market value for the coal.

The 222 million tons of coal sits beneath more than three square miles of land next to the lease boundary of the Black Thunder Mine in the Powder River Basin.

Arch Coal agrees to pay $2M to settle pollution lawsuit

The Associated Press — Mon, 03 Oct 2011 15:42:24 +0000

Updated 1:02 p.m. with company comment

Arch Coal Inc. will pay $2 million to settle a lawsuit over selenium pollution in West Virginia waterways.

The environmental groups that sued last year say the deal holds the St. Louis-based company responsible for past damage and prevents more.

Arch spokeswoman Kim Link said Monday the case involves five discharge points and subsidiaries Coal-Mac Inc. and Mingo Logan Coal Co.

She says Arch will install treatment systems and take other precautions to ensure consistent compliance with pollution limits.

Arch Coal completes tender offer for ICG stock

Kelsey Proud — Tue, 14 Jun 2011 16:25:43 +0000

Arch Coal says it's completed a $14.60 per share tender offer for stock in rival International Coal Group.

The offer closed Tuesday and Arch says it expects to complete the acquisition of Scott Depot-based ICG Wednesday. Arch offered to buy ICG for $3.4 billion in May.

Arch says ICG shareholders tendered nearly 188 million shares in the offer. It intends to purchase additional shares from ICG to push its ownership stake above 90 percent, enabling the deal to close.

Antitrust waiting period on Arch-ICG deal expires

The Associated Press — Wed, 01 Jun 2011 15:45:22 +0000

Arch Coal has cleared a key regulatory hurdle facing its proposed $3.4 billion takeover of rival International Coal Group.

Scott Depot-based ICG and St. Louis-based Arch announced Wednesday that the the antitrust waiting period under U.S. law has expired. That satisfies one condition for the deal to close.

Arch agreed to buy ICG on May 2 and has since started a $14.60-a-share tender offer. The offer expires June 14.