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Arch Coal Inc Completes Sale Of Canyon Fuel Subsidiary

Monday, 19 Aug 2013 08:30am EDT 

Arch Coal, Inc. announced that it has completed the sale of its subsidiary, Canyon Fuel Company, LLC (Canyon Fuel) to Bowie Resources, LLC for $423 million in cash, which is inclusive of working capital adjustments. The sale includes the Sufco and Skyline longwall mines, the Dugout Canyon continuous miner operation and approximately 105 million tons of bituminous coal reserves, all located in Utah. 

Company Quote

2.0E-4 +0.02%
5 May 2015