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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 ...
In August 2024, Consol Energy and Arch Resources announced that they entered into a definitive agreement to combine in an all-stock merger of equals to create Core Natural Resources. [ 23 ] In January 2025, the merger was successfully completed. [ 7 ]
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.
In May 2024, CNX and KeyState Energy signed a letter of intent for a project that would make sustainable, hydrogen-based aviation fuel at Pittsburgh International Airport from coal-mine methane gas. [36] [37] The formal approval of the project depends on the approval of federal hydrogen production tax credits under the Inflation Reduction Act ...
Consol Energy (CEIX) closed the most recent trading day at $66.53, moving +0.91% from the previous trading session.
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