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|03/05/14||Arch Coal Sells Hazard Thermal Mining Complex to Blackhawk|
|Transaction Aligned with Arch's Strategy to Divest Non-Strategic Assets
ST. LOUIS, March 5, 2014 -- Arch Coal, Inc. (NYSE:ACI) ("Arch") today announced that it has sold its Hazard ("Hazard") subsidiary to Blackhawk Mining, LLC ("Blackhawk") for $26.3 million in cash, prior to post-closing adjustments. This sale includes the Hazard thermal coal mining complex and related infrastructure as well as approximately 38 million tons of thermal coal reserves in eastern Kentucky. As part of the sale, A... |
|03/04/14||Arch Coal Announces Changes to Leadership Team|
|John Ziegler Elected Chief Commercial Officer, Allen Kelley Elected VP of HR
ST. LOUIS, March 4, 2014 -- The board of directors of Arch Coal, Inc. (NYSE:ACI) today announced two changes to the company's senior management team.
John A. Ziegler, Jr. has been elected chief commercial officer, effective immediately. Ziegler will be responsible for leading all of Arch's sales and marketing efforts, including contract administration and transportation logistics. He will report to Paul A. Lang, Arc... |
|02/28/14||Chairman Steve Leer to Retire from Arch Coal's Board Following Long, Distinguished Tenure|
|Wes Taylor Elected as Next Chair; Paul Lang Joins Board
ST. LOUIS, Feb. 28, 2014 -- Arch Coal, Inc. (NYSE: ACI) today announced several changes to its board of directors.
Chairman Steven F. Leer, 61, will retire from Arch's board following the company's annual shareholder meeting on April 24. Leer served as the company's chief executive officer from 1997 to 2012, and as president of Arch Mineral Corporation, a predecessor company, from 1992 to 1997. He was elected chairman in 2... |
|02/10/14||Arch Coal Announces Sale of Manufacturing Unit ADDCAR for $21 Million|
|ST. LOUIS, Feb. 10, 2014 -- Arch Coal, Inc. (NYSE: ACI) today announced that it has sold ADDCAR Systems, L.L.C. to UGM Holdings Pty. Ltd. for a total of $21 million.
ADDCAR has been a wholly owned subsidiary of Arch Coal since the International Coal Group (ICG) acquisition in 2011. Kentucky-based ADDCAR's primary business is manufacturing, servicing and operating highwall mining equipment.
"This divestiture is consistent with our previously announced and ongoing efforts to monetize non-co... |
|02/10/14||Arch Coal (NYSE:ACI) Announces Annual Dividend|
|ST. LOUIS, Feb. 10, 2014 -- The board of directors of Arch Coal, Inc. (NYSE: ACI) today declared an annual cash dividend of $0.01 per share on the company's common stock. The annual cash dividend of $0.01 per share is payable in full on March 14, 2014 to ACI shareholders of record on Feb. 28, 2014.
John W. Eaves, president and CEO of Arch Coal, Inc., said, "Arch is sharply focused on actions that will increase cash flow, improve operational efficiencies and further optimize our asse... |
|02/04/14||Arch Coal, Inc. Reports Fourth Quarter and Full Year 2013 Results|
|U.S. generator coal stockpiles reached lowest year-end level since 2006
Leer mine to increase metallurgical sales volume and reduce costs in 2014
Arch expects to significantly reduce capital spending in 2014
ST. LOUIS, Feb. 4, 2014 -- Arch Coal, Inc. (NYSE: ACI) today reported revenues of $719.4 million and adjusted earnings before interest, taxes, depreciation, depletion and amortization ("EBITDA") of $38.4 million in the fourth quarter of 2013. The company's results reflect a softer... |
|01/31/14||Arch Coal Earns Three Top West Virginia Safety and Environmental Awards; Garners 10 Awards Overall|
|CHARLESTON, W.Va., Jan. 31, 2014 -- Arch Coal, Inc. (NYSE: ACI) today announced that its Appalachian operations earned 10 prestigious safety and environmental awards in West Virginia, including three of the state's top honors for mine reclamation and mine safety.
Tygart Valley's Leer mine received West Virginia's top environmental achievement today. The West Virginia Division of Environmental Protection (DEP) presented the new Leer mine with the 2013 Greenlands Award for the industry's b... |
|01/21/14||Arch Coal Comments on Fourth Quarter Production Levels; Schedules Release of Fourth Quarter and Full Year 2013 Results on Feb. 4|
|ST. LOUIS, Jan. 21, 2014 -- Arch Coal, Inc. (NYSE:ACI) today announced that lower-than-planned shipment levels in the Powder River Basin and reduced production levels at the Mountain Laurel complex in Appalachia will impact its fourth quarter 2013 financial results.
In the Powder River Basin ("PRB"), Arch's fourth quarter 2013 shipment levels decreased by more than 15 percent from third quarter levels due to rail service issues on the Joint Line. Arch's fourth quarter shipme... |
|01/07/14||Arch Coal President of Eastern U.S. Operations Charles Snavely Retiring; Gary Bennett Named Successor|
|SCOTT DEPOT, W.Va., Jan. 7, 2014 -- Arch Coal, Inc. (NYSE:ACI) today announced that Charles G. Snavely has elected to retire as president of the company's eastern U.S. operations, following an exceptional 35-year career in the coal industry.
"Charles has made a significant contribution to Arch since joining the company at the time of the ICG acquisition," said Kenneth D. Cochran, Arch's senior vice president of operations. "He has distinguished himself as a leader, colleague and friend,... |