Arch Coal (ACI) buys a stake in Millennium Bulk Terminals, a West Coast commodity storage...

|About: Arch Coal Inc (ARCH)|By:, SA News Editor

Arch Coal (ACI) buys a stake in Millennium Bulk Terminals, a West Coast commodity storage terminal that should give the country's second-biggest coal producer better access to hot Asian markets. Shares are down 3.1% after the company cut its target for 2010 earnings and said an idled mine would impact first-quarter results.