Arch Coal CEO to step down, COO to succeed him

Arch Coal Inc said Chairman and Chief Executive Officer Steven Leer will retire as CEO effective April 26 and will be succeeded by President and Chief Operating Officer John Eaves. Leer, who has headed the coal company since it was formed 15...

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 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...

The mining industry has a PR problem

Mining companies based in the US and Canada find themselves in a strange situation. With demand for commodities from China and India still red hot, and, as the rest of the world begins to clamber back from the Great Recession, most producers are...

The mining industry has a PR problem

Mining companies based in the US and Canada find themselves in a strange situation. With demand for commodities from China and India still red-hot, and as the rest of the world begins to clamber back from the Great Recession, most producers are...

Arch Coal posts Q1 loss, hikes full-year guidance

NYSE-listed Arch Coal recorded a net loss of $1,8-million for the first quarter, compared with a $30,6-million net profit a year earlier, the company said on Monday. But the company increased its earnings forecast for the full year, citing an...