Arch Merges With Consol to Create a Coal-Export Powerhouse

Arch Merges With Consol to Create a Coal-Export Powerhouse

US coal producer Arch Resources Inc. agreed to merge with rival Consol Energy Inc. in a $2.3 billion deal aimed at creating a North American mining heavyweight to deliver the fuel around the world.  The companies announced the transaction in a statement Wednesday after the deal talks were reported earlier by Bloomberg. Under the terms […]

Hampton Roads coal exports climb in July

Coal exports out of Hampton Roads, Virginia climbed by 15pc in July from a year earlier, despite slight declines in some seaborne coal markets. Terminals in Hampton Roads loaded 3.24mn short tons (2.94mn metric tonnes) of coal last month, up from 2.81mn st in July 2023, according to the Virginia Maritime Association. In addition, the […]

CSX maintains coal export growth forecast

Eastern US railroad CSX still expects growth in its export coal volumes this year even after the disruptions that resulted from the Francis Scott Key bridge collapse in Baltimore, Maryland. Steady demand and strong operational flexibility will boost seaborne coal shipments this year, CSX said on 5 August. Intermodal and merchandise traffic are also expected […]