Arch Coal
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| Arch Coal, Inc. | |
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| Type | Public (NYSE: ACI) |
| Founded | 1969 (founded) 1997 (current corporation) |
| Headquarters | St. Louis, Missouri |
| Key people | Steven F. Leer, Chairman/CEO John W. Eaves, President/COO |
| Industry | Coal mining |
| Products | Coal |
| Revenue | $2.55 billion U.S (2005) |
| Employees | 3,600 (2006) |
| Website | http://www.archcoal.com/ |
Arch Coal (NYSE: ACI) is a United States coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Coal is the second largest supplier of coal in the U.S.[1] - second only to Peabody Energy.[2] Arch Coal claims to supply 12% of the domestic market.[3]
Arch Coal operates 21 active mines and controls approximately 3.1 billion tons of proven and probable coal reserves, located in Central Appalachia, the Powder River Basin, and the Western Bituminous regions.[4] The company operates mines in Colorado, Kentucky, Utah, Virginia, West Virginia and Wyoming, and is headquartered in St. Louis, Missouri.[5] The company sells a substantial amount of its coal to producers of electric power, steel producers and industrial facilities.
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[edit] History
Arch Mineral Corporation was founded in 1969 as a partnership between Ashland Oil (now Ashland, Inc.) and the Hunt family of Dallas, Texas. Ashland Coal, Inc. was formed in 1975 as a subsidiary of Ashland Oil. The privately held Arch Mineral Corporation merged with Ashland Coal, Inc. in July 1997, creating the present-day company.
[edit] Environmental impact
The company practices mountaintop removal mining, which is controversial because of the erosion and water contamination it causes.[6] Arch Coal's West Virginia mining operations in the Appalachian Mountains were the subject of a critical documentary in 2002 on Now with Bill Moyers on PBS.[7][8]
[edit] References
- ^ Hoovers.com fact-sheet - (retrieved 10/10/06)
- ^ Hoovers.com Fact-sheet on Peabody Energy (Retrieved 10/10/06)
- ^ Official Biography - (retrieved 10/10/06)
- ^ As of December 31, 2005. Source Yahoo! Finance profile (retrieved 10/10/06)
- ^ Forbes profile (retrieved 10/10/06)
- ^ http://www.epa.gov/region3/mtntop/eis.htm EPA Environmental Impact Statement
- ^ Now with Bill Moyers, "The Cost of Coal"
- ^ Now with Bill Moyers, "The Cost of Coal" Update
