- Arch Coal (ACI) +2% premarket on news it is selling the Hazard thermal coal mining complex and related infrastructure, as well as ~38M tons of thermal coal reserves in eastern Kentucky, to Blackhawk Mining for $26.3M.
- As part of the sale, ACI also is selling $15.6M of reclamation liabilities to Blackhawk, and expects to be released from $43.8M of reclamation surety bonding.
- ACI says it has the potential to receive total future royalty payments of up to $35M during the next five years resulting from its retention of select coal reserves at Hazard.
From other sites
at Zacks.com (Mar 19, 2015)
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at CNBC.com (Jan 12, 2015)
at Nasdaq.com (Dec 29, 2014)
at Nasdaq.com (Dec 4, 2014)
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