29
Sep
18:56
Arch focuses on metallurgical coal, eyes thermal divestiture
US-based Arch Resources plans to focus on its steel and metallurgical coal assets following a court decision disallowing its proposed thermal coal project with Peabody, Kallanish reports.
The joint venture was originally planned as a 66.5:33.5 project between Peabody and Arch, respectively, to develop the companies’ Powder River Basin and Colorado coal holdings. The companies expected synergy savings of $120 million in a 10-year timeframe.
The p…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous