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Arch takes over ICG for $3.1B

ARCH Coal will emerge as a global coking giant after acquiring International Coal Group for $US3.4 billion ($A3.1 billion) and will be ready to pick up sales to Asian steelmakers at a time when Queensland coal producers are still recovering from the floods late last year.

Lau Caruana
Arch takes over ICG for $3.1B

The acquisition will increase Arch’s reserves by 25% to 5.5 billion tons. It comes as the North American coal industry undergoes a rationalisation with fellow US producer Alpha Natural Resources becoming...

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