Arch Coal Inc. announced today that its eastern operations were recently honored with four awards from the West Virginia Department of Environmental Protection and the West Virginia Coal Association. "Arch's commitment to sustainability includes an uncompromising respect for both the land and the communities in which we operate," said Paul A [...]
Arch Coal Inc. announced today that it has discontinued longwall operations at its Mountain Laurel mine in Logan County, West Virginia, three months earlier than planned. The move is expected to reduce Arch's fourth quarter coking coal volumes by between 150,000 and 200,000 tons and its fourth quarter operating results by approximately $20 million [...]
- Maintained excellent momentum in core coking coal franchise, with strong volumes and effective cost control - Signed agreement that will increase High-Vol A reserves at Leer mine by 24 million tons at a cost of around $2.50 per ton; will extend mine life to late 2030s - Secured $39 million in credits - via the resolution of a 1970s-era land [...]
Arch Coal Inc. will discuss its third quarter 2019 financial results in an investor conference call that will be broadcast live on Tuesday, October 22 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 367-2403 approximately five to 10 minutes prior to the start time. For participants calling from an [...]
Peabody today confirmed its commitment to the pending PRB/Colorado JV with Arch Coal, which continues to progress through the regulatory approval process. The company looks forward to continuing to take the steps needed to advance the highly accretive transaction in a timely and effective manner to add value to the enterprise. Contact: Julie Gates [...]
- Achieves Metallurgical segment gross margin of $101.8 million, or a record $53.80 per ton - Approaches 8.8 million shares repurchased since capital return program's inception, or 35 percent of initial shares outstanding - Raises midpoint of volume guidance and lowers midpoint of cost guidance for Metallurgical segment - Announces formation of [...]
Arch Coal Inc. will discuss its second quarter 2019 financial results in an investor conference call that will be broadcast live on Wednesday, July 24 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 353-6461 approximately five to 10 minutes prior to the start time. For participants calling from an [...]
Arch Coal Inc. announced today that Thunder Basin Coal Company's Black Thunder Mine has been honored by the Wyoming Department of Environmental Quality with its 2018 Wyoming DEQ Reclamation Award. "This is a great honor for the men and women at the Black Thunder Mine, and a testament to their deep and abiding commitment to protecting and enhancing [...]
- JV synergies projected to average approximately $120 million per year over initial 10 years, with NPV of approximately $820 million - Optimal combination expected to create one of lowest-cost thermal coal suppliers in U.S. to strengthen competitiveness against natural gas and renewables and create value - JV ownership to be 66.5% Peabody and [...]
Achieves Metallurgical segment gross margin of $91.4 million, or a record $50.95 per ton Surpasses 8.1 million shares repurchased, or 32 percent of initial shares outstanding Announces board authorization for an additional $300 million in share buybacks Completes initial slope work and produces first development tons at Leer South Arch Coal Inc[...]
Arch Coal Inc. will discuss its first quarter 2019 financial results in an investor conference call that will be broadcast live on Tuesday, April 23 at 10:00 a.m. Eastern time. Interested participants may access the conference call by dialing 667-5617 approximately five to 10 minutes prior to the start time. For participants calling from an [...]
Arch Coal Inc. announced today that Holly Keller Koeppel, a former senior executive in both the utility and financial services industries, and Robert Brewster Hamill, a retired managing director at Jefferies and Company, have been elected to its board of directors, effective immediately. "We are extremely pleased to welcome Holly and Bob to the [...]
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