Jacobs Ranch becomes part of Black Thunder
By DUSTIN BLEIZEFFER Star-Tribune energy reporter | Posted: Thursday, October 1, 2009
Arch Coal Inc. (NYSE:ACI) announced today that it has completed the acquisition of Rio Tinto Energy America’s Jacobs Ranch mine in Wyoming’s southern Powder River Basin.
The $764 million deal allows Arch Coal to merge the Jacobs Ranch operations with its adjacent Black Thunder mine creating what some say is the largest coal mine complex in the world with a capacity of more than 140 million tons per year – about 12 percent of U.S. coal production.
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