SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 1)
Arch Coal, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
039380100
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(CUSIP Number)
Patrick D. Deem
Steptoe & Johnson
P.O. Box 2190
Clarksburg, WV 26302-2190
(304) 624-8000
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(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
October 15, 1998
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(Date of Event Which Requires
Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
(Page 1 of 4 Pages)
SCHEDULE 13D
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CUSIP No. 039380100
1) NAME OF REPORTING PERSON Carboex International, Ltd.
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S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ x ]
3) SEC USE ONLY
4) SOURCE OF FUNDS OO (see Item 3)
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
6) CITIZENSHIP OR PLACE OF ORGANIZATION Bahamas
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NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH:
7) SOLE VOTING POWER 0 (see Item 5)
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8) SHARED VOTING POWER 0
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9) SOLE DISPOSITIVE POWER 0 (see Item 5)
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10) SHARED DISPOSITIVE POWER 0
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11) AGGREGATE AMOUNT BENEFICIALLY
OWNED BY EACH REPORTING PERSON 0 (see Item 5)
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12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
13) PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (11) 0% (See Item 5)
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14) TYPE OF REPORTING PERSON CO
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(Page 2 of 4 Pages)
This Amendment No. 1 amends and supplements the Schedule 13D filed
by Carboex International, Ltd. (the "Company") on July 9, 1997 (the "Schedule
13D") with respect to the Common Stock, par value $.01 per share, of Arch Coal,
Inc. (the "Arch Coal Common Stock") to the extent of the matters set forth
herein, and only changes from the Schedule 13D are included herein. Unless
otherwise defined herein, all capitalized terms used but not defined herein
shall have the respective meanings set forth in the Schedule 13D.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is amended to add the following:
As of October 15, 1998, the Company is the beneficial owner of less
than five percent of the Arch Coal Common Stock and therefore intends to make no
further filings pursuant to Rule 13d-1 promulgated under the U.S. Securities
Exchange Act of 1934, as amended, until such time as the Company's ownership of
the Arch Coal Common Stock rises to a level above five percent of the
outstanding Arch Coal Common Stock.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is amended to read in its entirety:
(a) The Company presently owns no shares of Arch Coal Common Stock.
(b) Not applicable.
(c) On October 14, 1998, the Company transferred 410,000 shares
of Arch Coal Common Stock to Repsol Petroleo, S.A. On October 15, 1998, the
Company transferred 1,640,000 shares of Arch Coal Common Stock to Carboex, S.A.,
the Company's parent.
(d) Not applicable.
(e) The Company has ceased to be the beneficial owner of more than
5% of the Arch Coal Common Stock on October 15, 1998, the date of the transfer
referenced in Item 5(c) above.
(Page 3 of 4 Pages)
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
CARBOEX INTERNATIONAL, LTD.
By: /s/ Ignacio Dominquez Urquijo
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Signature
Ignacio Dominquez Urquijo
Chairman
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Name and Title
Date: February 15, 1999
(Page 4 of 4 Pages)