Arch Coal earnings tumble, hopeful on 2010 recovery

Shares in NYSE-listed Arch Coal fell more than 10% on Friday, after the company reported a 98% drop in fourth quarter profit. Arch earned $1,5-million in the last three months of 2009, compared with $62,3-million a year earlier, which was below...

Arch Coal earnings beat expectations

US coal miner Arch Coal on Friday reported third quarter net income of $25,2-million, down from $97,8-million a year earlier but better than analysts had predicted. Arch reported third-quarter coal sales of 29,1-million tons, lower than the...

Rio gets US clearance for Jacobs Ranch sale to Arch Coal

The US Federal Trade Commission has cleared Rio Tinto's sale of its Jacobs Ranch coal mine to Arch Coal, the diversified miner announced on Friday. Rio, which is sellling noncore assets to pay down debt, agreed in March to sell the mine for...

Mining group expands US coal reserves

Mining company Rio Tinto’s wholly-owned US subsidiary, Kennecott Energy, has expanded its Jacobs Ranch coal reserves in the Powder River Basin of Wyoming, US, following a successful bid of 70,6 cents per ton or $379,5-million for the North...