M&A Deal Summary |
|
|---|---|
| Date | 2013-08-19 |
| Target | Canyon Fuel |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Bowie Resources |
| Sellers(s) |
Arch
ITOCHU Coal International |
| Deal Type | Divestiture |
| Deal Value | 423M USD |
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| Category | Company |
|---|---|
| Founded | 1995 |
| Sector | Oil/Gas Exploration |
Bowie Resources Ltd. engages in the production of coal.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Utah) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Metals/Mining |
| Employees | 3,404 |
| Revenue | 3.1B USD (2023) |
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 | 3 of 4 |
| Sector (Oil/Gas Exploration) | 3 of 3 |
| Type (Divestiture) | 3 of 4 |
| State (Utah) | 1 of 1 |
| Country (United States) | 3 of 4 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-05-02 |
International Coal Group
Scott Depot, West Virginia, United States International Coal Group, Inc. is a producer of coal in Northern and Central Appalachia and the Illinois Basin. The company has 13 active mining complexes, of which 12 are located in Northern and Central Appalachia and one in Central Illinois. ICG's mining operations and reserves are strategically located to serve utility, metallurgical and industrial customers domestically and internationally. |
Buy | $3.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-10 |
Patriot Coal - Guffy property
United States Patriot Coal - Guffy property reserves are owned in-fee, are contiguous to Arch's Tygart Valley reserves and the Leer mine, and are of comparable quality to Leer's high-volatile "A" metallurgical coal reserves. The addition of the Guffy reserves will enable Arch to recover up to an incremental 8 million tons of metallurgical coal at the Leer mine, thereby extending the estimated mine life of Leer by nearly three years. |
Buy | $16M |
ITOCHU Coal International, Inc. is a coal producer in US.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Utah) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1996-12-20 |
Canyon Fuel
Midvale, Utah, United States Canyon Fuel owns and operates two longwall mines in Utah - Sufco in Sevier County and Dugout Canyon in Carbon County. In addition, the company owns the currently idle Skyline mine, which also is located in Carbon County. In total, Canyon Fuel controls approximately 161 million tons of high-quality, low-sulfur coal reserves in Utah. |
Buy | - |
