Arch Coal Sells Appalachian Mine to Alpha Natural Resources
Arch Coal, Inc. today announced the divestiture of its Mingo Logan subsidiary’s Ben Creek Complex in West Virginia to Cobra Natural Resources, LLC, a subsidiary of Alpha Natural Resources. Upon closing of the transaction, which is expected to occur at the end of June 2007, Arch Coal will receive cash of approximately $40 million in exchange for Mingo Logan’s mining operations, ancillary equipment and 9.2 million tons of reported coal reserves as of December 31, 2006.
