Arch Coal Completes Jacobs Ranch Acquisition

Arch Coal Completes Jacobs Ranch Acquisition

Arch Coal announced that it has completed the acquisition of Rio Tinto’s Jacobs Ranch mine for a purchase price of approximately $764 million, which is about $3 million more than the initial announcement and includes an estimate for working capital adjustments. In 2008, Jacobs Ranch produced 42.1 million tons of high-quality sub-bituminous coal.

Read more ...

Signal Peak Begins Production in the U.S.

Signal Peak Begins Production in the U.S.

Developers of a reactivated mine in south-central Montana started shipping coal during early September to Midwestern power plants along a new 35-mile rail line, according to the Associated Press. The Signal Peak Mine south of Roundup has undergone a $400 million expansion over the past year under the ownership of two Ohio companies, Boich Group and FirstEnergy. The companies brought in industry veteran John DeMichiei to transform the shuttered Bull Mountain mine.

Read more ...

Gujarat Commissions Longwall at Wongawilli

Gujarat Commissions Longwall at Wongawilli

The Australian subsidiary of Gujarat NRE Coke Ltd., Gujarat NRE Minerals Ltd., announced during mid-August that it is in the final stages of commissioning of its longwall at its Wongawilli hard coking coal mine near Wollongong, New South Wales. As a result, raw coal production at NRE Wongawilli mine will be expanded to approximately to 1.5 million metric tons per year (mtpy) from 179,000 mtpy during the year 2008-09. Gujarat NRE Minerals Chairman, Mr. Arun Kumar Jagatramka, said the opening of the longwall was excellent timing, with an expected strong increase in demand for Australian hard coking coal, especially from the Indian market.

Read more ...

Anglo American Wins Award for HIV/AIDS Program

Anglo American Wins Award for HIV/AIDS Program

Anglo Coal South Africa, a subsidiary of Anglo American, has been recognized by the Global Business Coalition (GBC) on HIV/AIDS, Tuberculosis and Malaria for its pioneering workplace program focused on tackling HIV and AIDS in South Africa. Anglo American is South Africa’s leading private sector employer, with over 100,000 people employed at its operations.

Read more ...

Resource Center Whitepapers, Videos, Case Studies