Arch Coal
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| Public | |
| Traded as | : ARCH |
| Industry | Coal mining |
| Founded | 1969 (founded) 1997 (current corporation) |
| Headquarters | St. Louis, Missouri |
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Key people
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John W. Eaves, President/CEO Paul A. Lang, Executive Vice President/COO |
| Products | Coal |
| Revenue |  $ 4.2 billion (FY 2012) |
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$ (682) million (FY 2012)
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|
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$ (684) million (FY 2012)
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| Total assets |
$ 10 billion (FY 2012)
|
| Total equity |
$ 2.9 billion (FY 2012)
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Number of employees
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6,424 |
| Website | www |
Arch Coal is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Coal is the second largest supplier of coal in the U.S. behind Peabody Energy. The company supplies 15% of the domestic market. Demand comes mainly from generators of electricity.
Arch Coal operates 32 active mines and controls approximately 5.5 billion tons of proven and probable coal reserves, located in Central Appalachia, the Powder River Basin, Illinois basin and the Western Bituminous regions. The company operates mines in Colorado, Illinois, Kentucky, Utah, Virginia, West Virginia and Wyoming, and is headquartered in St. Louis, Missouri. The company sells a substantial amount of its coal to producers of electric power, steel producers and industrial facilities.
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. With the completion of the merger, Arch became the leading producer of low-sulfur coal in the eastern United States.
In June 1998, Arch Coal expanded into the western United States with the acquisition of the coal assets of Atlantic Richfield. Included in this transaction were the Black Thunder Coal Mine and Coal Creek mines in the Powder River Basin of Wyoming; the West Elk longwall mine in Gunnison County, Colorado; and a 65% interest in Canyon Fuel Company, which operates three longwall mines in Utah.
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Wikipedia