Arch Coal Acquires Metallurgical Coal Reserves Adjacent to Leer Mine, Settles Potential Legal Dispute with Patriot Coal
"The Guffy acquisition represents a valuable, synergistic, bolt-on opportunity for Arch that extends the reserves and mine life at Leer, one of our premier, metallurgical coal operations in Appalachia," said
Arch also announced today that it has resolved all pending and potential legal claims with Patriot stemming from Arch's sale of coal companies to
"This comprehensive settlement with Patriot relieves Arch of costly legal expenses, resolves the distraction of litigation claims, and allows Arch's management team to remain focused on steering the business through current market conditions and preparing for a recovery," continued Eaves.
Following the settlement with Patriot, Arch remains in active discussions on a potential resolution with the
"In the wake of the
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