Reuters logo
BRIEF-Arch Coal increases equity ownership in strategic export facility
March 7, 2017 / 9:32 PM / in 7 months

BRIEF-Arch Coal increases equity ownership in strategic export facility

March 7 (Reuters) - Arch Coal Inc

* Arch Coal increases equity ownership in strategic export facility

* Transaction will increase Arch’s percentage interest in storage-to-vessel coal transloading facility from 22 percent to 35 percent

* Says transaction will increase Arch’s percentage interest in storage-to-vessel coal transloading facility from 22 percent to 35 percent

* Terminal has an estimated 22-million-ton annual throughput capacity

* Purchased additional capacity for approximately $7.2 million through an auction process held by existing owner peabody energy

* Says transaction will augment its throughput capacity from 4.8 million tons to 7.7 million tons Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below