Arch has been discussing the potential sale of some of the non-core mines it acquired from ICG in 2011, as well as its Utah mines, for more than a year. Potential buyers considered Sufco the most attractive of the company's three Utah mines, but Arch was holding out to sell all three as a package, other industry sources told Argus last year.
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WhatsApp: +86 18221755073Arch Coal has completed the sale of its Utah mining operations to Bowie Resources for $423 million in cash, the St. Louis-based company said Monday.
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WhatsApp: +86 18221755073The fear, according to Millner and her colleagues, is that renewable sources are not yet as reliable as coal or natural gas. While Republicans might not want to give up on coal just yet, other forms of energy are getting cheaper. Economic experts say that in the end, the market will ultimately decide the fate of Utah coal.
WhatsApp: +86 18221755073In the wake of weak coal demand, Murray Energy Corp. subsidiary Murray Metallurgical Coal Holdings plans to sell its metallurgical coal mines in a bankruptcy auction less than a year after acquiring the assets from another coal miner's bankruptcy auction. Murray Met announced Feb. 12 that it and five subsidiaries were filing for a …
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WhatsApp: +86 18221755073The owners of Coal Hollow Mine must provide the Utah Division of Oil, Gas and Mining with a $13.4 million surety by March 10, or begin reclaiming the mine's permit area, according to the cessation order. On Tuesday, two DOGM staffers delivered the cessation order to Alton Coal Development's on-site manager Kirk Nicholes and …
WhatsApp: +86 18221755073Rhino expects the sale of coal inventory at Castle Valley to generate another $800,000 in cash. ... C.O.P. Coal is the primary lessor at the Castle Valley mine and previously operated mines in Utah. Ceres Consulting LLC, an affiliate of a barge company, won Rhino's Kanauga dock in southeast Ohio for $396,000 in cash and two deferred …
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WhatsApp: +86 18221755073The first coal mine in the Sunnyside area was opened early in 1896 by Jefferson Tidwell and his sons, John, Jeff, and William. Early in 1897 George Holladay became a partner and the coal mine became known as the Tidwell-Holladay coal mine. The Pleasant Valley Coal Company bought the rights to the property in late 1898. …
WhatsApp: +86 18221755073Table 2.22 Average F.O.B. Price and Value of Utah Coal, 1960-2023 Year Production Average F.O.B. Mine Price Value of Coal Produced Average F.O.B. Mine Price Value of Coal Produced Thousand Short Tons Nominal Dollars per Short Ton Million Nominal Dollars Real Dollars per Short Ton Million Real Dollars 1960 4,955 6.35 31.5 65.37 323.9
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