Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Purchasing
RSS
Reprints/License
Print
Email
Average Rating:
  • (0)
    Rate this:
  • Rio Tinto sells U.S. coal property to Arch Coal

    Arch Coal expands Powder River Basin capacity for low-sulfur coal supply

    By Tom Stundza -- Purchasing, 3/9/2009 8:45:00 AM

    Rio Tinto, the London mining giant, is selling its Jacobs Ranch coal mine south of Gillette, Wyo., for $761 million to Arch Coal of St. Louis, the companies said in statements today. The mine is located in the southern Powder River Basin, which produces steam coal for power-generating customers in the U.S., reported earnings of $73 million for 2008 from 42.1 million tons of coal.

    The Jacobs Ranch mine has 381 million tons of low-cost coal reserves that are contiguous to Arch Coal's Black Thunder mine. The plan is to merge operations of the two mines, according to the RTT news service, since the purchase also includes an expansive fleet of highly efficient mining equipment, including a 120-cubic-yard dragline, eight large electric shovels, and more than 40 large haul trucks, all of which complement the existing equipment at Black Thunder.

    Average Rating:
  • (0)
    Rate this:
  • RSS
    Reprints/License
    Print
    Email
    Talkback
    Reed Business Information Resource Center

    Featured Company


    Most Recent Resources

    Advertisement
    Sponsored Links
    More Content
    • Blogs
    • Featured Video

    Sorry, no blogs are active for this topic.

    VIEW ALL BLOGS RSS

    Advertisement
    BizConnect160x160
    BizConnect160x160
    NEWSLETTERS
    Price & Supply Alert
    The Midday Business Report
    Electronics Distribution & Global Sourcing
    IdeaFile
    Supplier Web Locator



    Please read our Privacy Policy

    About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   FREE Subscription   |   Affiliate Links   |   RSS
    © 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
    Use of this Web site is subject to its Terms of Use | Privacy Policy
    Please visit these other Reed Business sites