Arch Coal (ACI) +2% premarket on news it is selling the Hazard thermal coal mining complex and related infrastructure, as well as ~38M tons of thermal coal reserves in eastern Kentucky, to Blackhawk Mining for $26.3M. As part of the sale, ACI also is ...
ST. LOUIS, March 5, 2014 /PRNewswire/ -- Arch Coal, Inc. (NYSE: ACI) ("Arch") today announced that it has sold its Hazard ("Hazard") subsidiary to Blackhawk Mining, LLC ("Blackhawk") for $26.3 million in cash, prior to post-closing adjustments.
Birmingham, West Midlands - (TechSonian) - 03/11/2014 - Arch Coal Inc. (ACI) announced that it has sold its Hazard (�Hazard�) subsidiary to Blackhawk Mining, LLC (�Blackhawk�) for $26.3 million in cash, prior to post-closing adjustments.
Looking at the universe of stocks we cover at Dividend Channel, on 2/26/14, Compass Minerals International Inc (NYSE: CMP), Arch Coal, Inc. (NYSE: ACI), and Stepan Co. (NYSE: SCL) will all trade ex-dividend for their respective upcoming dividends.
Due to global oversupply, Arch Coal reduced its met coal production last year; however, the company's production is expected to increase this year with incremental production at its Leer mine in Northern- West Virginia.