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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 2010, Consol was the leading producer of high-BTU bituminous coal in the United States and the U.S.'s largest underground coal mining company. [6] In January 2025, it was announced that Consol Energy had completed its merger with Arch Resources, forming Core Natural Resources. [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 2017, the company completed the corporate spin-off of Consol Energy and changed its name to CNX Resources Corporation. [11] Nicholas (Nick) J. Deiuliis, who was the President and CEO of Consol, continued in those same roles at CNX. [12]
Arch Coal will release its quarterly report on Tuesday, and shareholders are bracing for another huge quarterly loss from the coal miner. Even as peers Peabody Energy and CONSOL Energy have found ...
After the merger with Massey, the company controlled 150 coal mines and 40 preparation plants, which was up significantly from the 65 mines under its control at the end of 2007. [10] For 2011, Massey expected to ship 10 to 14 million tons of metallurgical coal, about the same as Alpha (in 2010 this was 11.88 million tons or 14% of total ...
In 2013 the company acquired Consol Energy Inc, consisting of five mines and a fleet of more than 600 barges and other ships. [10] According to the company's website, as of 2019, they employed some 7,000 workers in the US and South America. [11] The company is headquartered in St. Clairsville, Ohio. [12]
In November 2018, Contura merged with Alpha Natural Resources to become America's biggest supplier of metallurgical coal. [4] Even though the combination let Alpha Natural Resources emerge from bankruptcy, the first year was a difficult one; lower coal prices, and higher production costs at mines where it makes the type of coal burned at power plants.