Mining Magazine October 2014 | Page 41

Arch Coal Acquires International Coal Group
DIAMOND MINES IN THE WORLD

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Arch Coal Acquires International Coal Group

In May 2011 , Arch Coal acquired International Coal Group Inc . for $ 3.4 billion in an all-cash deal . The purchase put Arch Coal on the map as the fourth-largest coal producer globally and the second-largest US producer of metallurgical coal . The acquisition also put Arch Coal as one of the top 10 suppliers to steelmakers in the world . 41