Arch Coal, Inc.
NYSE:ACI ISIN:US0393801008
Arch Coal, Inc. is a coal producer in the United States. The Company has three business segments: the Powder River Basin, the Western Bituminous region and the Central Appalachia region. During the year ended December 31, 2008, the Company operated 20 active mines located in each of the low-sulfur coal-producing regions of the United States. Arch Coal, Inc. sells substantially all of its coal to power plants, steel mills and industrial facilities. During 2008, the Company sold approximately 139.6 million tons of coal, including approximately 6.1 million tons of coal it purchased from third parties, fueling approximately 6% of all electricity generated in the United States.
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News
In the midst of the global financial crisis, the US mining industry and the energy resource sector continues to outperform the market and remains as an investment hotspot for many institutional investors from Asia.
Yesterday the Australian market ended slightly higher. The big miners such as BHP Billiton and Rio Tinto pushed the market up despite falls in the banking and finance sector, according to CMC Markets. The benchmark S&P/ASX200 index was up 9 points, or 0.29 per cent, at 3154.5, while the broader All Ordinaries index rose 10 points to 3121.7. Today the big miners are not likely to help the market up after the falls of commodities prices and lacking positive news from the US.
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