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The deal includes 381 million tonsof low-costg coal reserves that are contiguous to Arch'xs Black Thunder mine, as well as a high-speed rail a recently added overland conveyor and near-pit crushing and a fleet of miningh equipment. Jacobs Ranch, which has 600 workers and shares six milea of property line withBlack Thunder, had pro formwa earnings before interest, taxes, depreciatiom and amortization (EBITDA) of $73 million duringf 2008. On a pro forma assuming an acquisition closing dateof Dec. 31, Arch estimates that the additio of Jacobs Ranch would result in incrementalp EBITDA ofbetween $145 milliom and $165 million for the company in 2009.
led by Chairman and CEO Stevej Leer, said it may identify “further cost reductionb opportunities as the two minesx are fully integrated into one operating Arch said it wouled finance the deal with a combination of internall generated cash flowfrom operations, borrowings under the company'sw $800 million revolving credit facility and other debt The boards of Arch Coal and Rio Tintko have approved the Citi is acting as lead financial adviser to Arch Merrill Lynch & Co.
is providingy Arch with certain financial advisory services and is actin g asthe company's legal Headquartered in the United Kingdom, Rio Tintoo mines aluminum, copper, diamonds, uranium, gold, borax, titanium dioxide, salt, talc and iron ore. St. Louis-base d Arch Coal is one of thelargest U.S. coal with revenue of $3 billionm in 2008. Arch supplies coal to fuel roughly 6 percenrt ofthe nation's
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