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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.
The mining of coal in the Winding Gulf Coalfield began in the first decade of the 20th century and continues into the 21st century. The coal in this field is a low volatile coal, and the seams of coal that have been mined include Beckley, Pocahontas No. 3, Pocahontas No. 4, and Sewell.
Spruce 1 is a proposed coal strip-mining operation approximately two miles northeast of Blair in Logan County, West Virginia, in the Appalachian Mountains. [1] First proposed in 1997 by Arch Coal Inc. of St. Louis, the operation was first to cover 3,113 acres (12.60 km 2), then reduced to 2,278.
On June 1, 2011, shareholders of Alpha Natural Resources agreed to buy Massey Energy for $7.1 billion, making it the nation's largest metallurgical coal company. Some shareholder groups had tried to block the sale claiming that Massey managers had engineered the sale of the company to protect themselves from liabilities and had arranged new management jobs with Alpha.
By January 2016, more than 25% of coal production was in bankruptcy in the United States [6] including the top two producers Peabody Energy [7] [8] and Arch Coal. [6] [9] When Arch Coal filed for bankruptcy protection, the price of coal had dropped 50% since 2011 [10] and it was $4.5 billion in debt.
Coal mining disasters in West Virginia (12 P) L. ... Pages in category "Mining in West Virginia" The following 23 pages are in this category, out of 23 total.
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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.