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Arch Coal was formed in July 1997 through the merger of publicly traded Ashland Coal, Inc. and privately held Arch Mineral Corporation. Arch Mineral had its origins in 1969, when it was formed as a partnership between Ashland Oil (now Ashland Inc.) and the H.L.Hunt family of Dallas, Texas; Ashland Coal was formed in 1975 as a wholly owned subsidiary of Ashland Oil.
On June 15, 2011, Arch Coal acquired International Coal Group through a merger for $3.4 billion. ICG became a wholly owned subsidiary of Arch Coal. Coal prices were rising as demand for coal from China and India were increasing. The merged company is the second-largest coking-coal producer in the United States. [6]
Phillips-Sprague Mine, also known as the Beckley Exhibition Coal Mine, is a historic coal mine located at New River Park in Beckley, Raleigh County, West Virginia. The mine opened about 1889 on what had been operated as a drift mine. Commercial development of the drift mine began in 1905 and the first coal was shipped on January 4, 1906.
Arch Resources (NYSE:ARCH) and Consol Energy (NYSE:CEIX), two of the largest coal miners in the United States, are entering a merger that will create a $5.2 billion coal mining company. "This ...
Arch Coal has removed an asset from its portfolio. The company announced that it has sold its Hazard unit to privately held Blackhawk Mining for $26.3 million in cash. The subsidiary's core asset ...
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The New River Coalfield is located in northeastern Raleigh County and southern Fayette County, West Virginia. Commercial mining of coal began in the 1870s and thrived into the 20th century. The coal in this field is a low volatile coal, known as "smokeless" coals. [1] The seams of coal that have been mined include Sewell, Fire Creek, and Beckley.
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