M&A Deal Summary

Kiewit Mining Group Acquires Buckskin Mine

On March 8, 2004, Kiewit Mining Group acquired oil/gas exploration company Buckskin Mine from Arch for 82M USD

Acquisition Highlights
  • This is Kiewit Mining Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Kiewit Mining Group’s largest (disclosed) transaction.
  • This is Kiewit Mining Group’s 1st transaction in the United States.

M&A Deal Summary
Date 2004-03-08
Target Buckskin Mine
Sector Oil/Gas Exploration
Buyer(s) Kiewit Mining Group
Sellers(s) Arch
Deal Type Divestiture
Deal Value 82M USD

Target

Buckskin Mine

United States
Buckskin Mine produces more than 27 million tons of coal per year from the Anderson and Canyon geologic formations.Buckskin has shipped more than 406 million tons of high-quality, low sulfur coal from the Southern Powder River Basin.

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Buyer(S) 1

Buyer

Kiewit Mining Group

Omaha,, Nebraska, United States
Category Company
Founded 1943
Sector Oil/Gas Exploration
DESCRIPTION

Kiewit Mining Group, Inc. engages in mine management, production, maintenance, and contract mining ventures. The company owns and manages coal mines in Wyoming and Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

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 1 of 4
Sector (Oil/Gas Exploration) 1 of 3
Type (Divestiture) 1 of 4
Country (United States) 1 of 4
Year (2004) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-29 Vulcan Coal Holdings

Wyoming, United States

Vulcan Coal Holdings LLC is the parent company for Triton Coal Company.

Buy $364M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-20 Triton Coal Company

Fairview Heights, Illinois, United States

Triton Coal Company LLC is a coal producer in US.

Buy $364M
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