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| Company type | Public (NYSE: ACI) |
|---|---|
| Industry | Coal mining |
| Founded | Merger of publicly traded Ashland Coal, Inc. and privately held Arch Mineral Corporation in July 1997 |
| Headquarters | St. Louis, Missouri |
| Key people | Steven F. Leer, Chairman/CEO John W. Eaves, President/COO |
| Products | Coal |
| Revenue | $2.51 billion U.S dollars (2005) homepage = www.archcoal.com |
| Number of employees | 3,600 (2006) |
Arch Coal, Inc. NYSE: ACI is the second-largest coal producer in the United States, claiming to contribute approximately 12% of America’s coal supply (140 million tons in 2005). The company's mines are located in Wyoming, Utah, Colorado, West Virginia, Kentucky, and Virginia. The corporate headquarters are in St. Louis, Missouri.
The company claims an expansive reserve totaling 3.1 billion tons of mostly low-sulfur coal.
Arch Coal is traded on the New York Stock Exchange under the ticker symbol ACI.
History
Arch Mineral Corporation began in 1969, as a partnership between Ashland Oil (now Ashland, Inc.) and the Hunt family of Dallas, Texas. Arch Coal was formed in July 1997 by merger of this privately held Arch Mineral and publicly traded Ashland Coal, Inc., which had been formed in 1975 as a subsidiary of Ashland Oil.
In June 1998, Arch Coal purchased the coal assets of Atlantic Richfield, which were mostly in the central Rocky Mountains.
External links
- Arch Coal, Inc., official website
- Company profile at Google Finance