M&A Deal Summary

Alpha Natural Resources Acquires Mingo Logan Ben Creek

On June 29, 2007, Alpha Natural Resources acquired oil/gas exploration company Mingo Logan Ben Creek from Arch for 40M USD

Acquisition Highlights
  • This is Alpha Natural Resources’ 6th transaction in the Oil/Gas Exploration sector.
  • This is Alpha Natural Resources’ 3rd largest (disclosed) transaction.
  • This is Alpha Natural Resources’ 6th transaction in the United States.
  • This is Alpha Natural Resources’ 2nd transaction in West Virginia.

M&A Deal Summary
Date 2007-06-29
Target Mingo Logan Ben Creek
Sector Oil/Gas Exploration
Buyer(s) Alpha Natural Resources
Sellers(s) Arch
Deal Type Divestiture
Deal Value 40M USD

Target

Mingo Logan Ben Creek

Wharncliffe, West Virginia, United States
Mingo Logan Ben Creek,engages in coal mining, production and exploration services. The assets, which include coal reserves, two mines and a loadout and processing plant.

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Buyer(S) 1

Buyer

Alpha Natural Resources

Bristol, Virginia, United States
Category Company
Founded 2002
Sector Metals/Mining
Employees8,300
Revenue 4.3B USD (2014)
DESCRIPTION

Alpha Natural Resources, Inc. is a coal producer. Alpha NR supplies and exports metallurgical coal for use in the steel-making process and a supplier of thermal coal to electric utilities.

DEAL STATS #
Overall 6 of 7
Sector (Oil/Gas Exploration) 6 of 7
Type (Divestiture) 2 of 2
State (West Virginia) 2 of 2
Country (United States) 6 of 7
Year (2007) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Kentucky May Coal

Kite, Kentucky, United States

Kentucky May Coal Co., LLC provides coal mining and exploration services.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Massey Energy

Richmond,, Virginia, United States

Massey Energy Co.operates coal mines and processing facilities consist of about 5.5 million tons of coal reserves.

Buy $7.1B

Seller(S) 1

SELLER

Arch

St. Louis, Missouri, United States
Category Company
Founded 1969
Sector Metals/Mining
Employees3,404
Revenue 3.1B USD (2023)
DESCRIPTION

Arch is a coal producer and marketer. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents. Arch was founded in 1969 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 2 of 4
State (West Virginia) 1 of 1
Country (United States) 2 of 4
Year (2007) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-24 DKRW Advanced Fuels

Houston, Texas, United States

DKRW Advanced Fuels is a hydrocarbon conversion company utilizing proven gasification and liquefaction technologies for more abundant energy resources including coal and petcoke, into market-competitive alternatives to petroleum products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 International Coal Group - Illinois Basin

Illinois, United States

International Coal Group - Illinois Basin consists of approximately 157 million tons of recoverable coal reserves and significant surface acreage.

Buy $39M
Mergr

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