Tagged: Arch Coal

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Arch Coal
11:02 am
Mon May 16, 2011

Arch starts offer for International Coal shares

Credit (via Flickr/[sic])
The raw product behind coal power, coal itself.

Arch Coal Inc. says it's started $14.60 a share tender offer for rival International Coal Group.

Arch says the offer that started Monday expires June 14.

The St. Louis-based coal industry giant agreed to buy ICG for $3.4 billion May 2.

The deal is designed to exploit growing demand for high-priced coal used to manufacture steel. Arch says the combined companies would be the nation's second largest supplier of metallurgical coal.

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Arch Coal
12:12 pm
Tue March 1, 2011

Arch Coal to pay $4M, alter mining to curtail pollution

This mine in Pike County, Ky. uses mountaintop removal, the same process used in an Arch Coal mine in W. Va. that has come under fire from the EPA. (via Flickr/iLoveMountains.org)

Federal officials say Arch Coal will pay $4 million in fines and change some mining practices to settle alleged Clean Water Act violations in Virginia, West Virginia and Kentucky.

The deal announced Tuesday is between St. Louis-based Arch, the Environmental Protection Agency and the Department of Justice.

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