Mild winter singes another US coal mine

A warmer-than-usual winter and cheap natural gas prices have conspired to claim the scalp of yet another US coal operation, this time at one of Consol Energy’s West Virginia mines. The company said on Tuesday it will idle its Northern West...

No slowdown in Chinese coal demand – SouthGobi

In the face of reports of a drop-off in demand and prices for metallurgical coal, TSX-listed SouthGobi Resources found it fit to inform investors on Monday that it had not noticed any weakness in Chinese markets, where the company sells its...

Best-ever year expected for Arch Coal - CEO

US miner Arch Coal on Friday said adjusted pre-tax earnings for the June quarter climbed about 23% to $247.8-million, as the company benefited from higher coal prices. Production for the quarter, at 36.7-million tons, was slightly up on the...

Arch adds to met coal assets with $3,4bn acquisition

St Louis-based Arch Coal has agreed to buy smaller US rival International Coal Group for $3,4-billion, to increase production and reserves of steelmaking coal and help boost exports. The deal, announced on Monday, is the latest in a series of...

Arch Coal hikes quarterly dividend

St Louis-based Arch Coal has increased its quarterly dividend by 10%, to $0,11 a share, the firm announced on Thursday. The dividend, which will be payable of June 15 to shareholders of record on June 1, “reflects Arch's strong financial...

Arch Coal upbeat on outlook, looking to boost exports

Shares in Arch Coal, the second-biggest US coal producer, gained on Friday, despite reporting lower than expected fourth-quarter numbers, after the company presented a bullish view of the coal market and said operations and earnings should improve...

Arch to export coal through British Columbia port

NYSE-listed Arch Coal has signed a five-year agreement with Canada's Ridley Terminals, which will allow Arch to export coal through the bulk-commodity marine terminal near Prince Rupert, in British Columbia. Arch is looking for ways to increase...

Arch Coal lowers 2010 guidance, buys stake in W Coast port

Arch Coal, the second-biggest US coal producer, has lowered its earnings forecasts for 2010, citing lower shipment levels related to rail problems, as well as geological “challenges” at a West Virginia mine. The company also announced it has...

Arch starts longwall mining at Dugout Canyon

Arch Coal has restarted the longwall mining system at its Dugout Canyon underground operation in Utah, and is in the process of resuming production, the company said on Thursday. Output was halted at Dugout Canyon on June 22 after an “ignition...

Arch not too excited after W Virginia permit approval

The recent approval of an openpit coal-mining permit for Arch Coal's Pine Creek mine, in West Virginia, does not change the fact that it is almost impossible to get permits in Central Appalachia at the moment, Arch CEO Steven Leer said on Friday....

Arch Coal reports positive earnings, shares rise

St Louis-based Arch Coal reported a $66,2-million profit in the second quarter, compared with a loss of $15,1-million in the same period a year earlier, after both sales volumes and prices rose. Revenue for the quarter was $764,3-million, up...

Arch to keep Utah mine shut longer than expected

Arch Coal expects that the longwall at its Dugout Canyon underground mine in Utah will be idled for at least another 30 days, and has warned customers that shipments are likely to suffer. Production was halted at Dugout Canyon on June 22, after...