CAPITAL MARKETS

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...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.