CONSOL, Arch Agree to Join Forces
08/21/2024 - Coal miners Arch Resources Inc. and CONSOL Energy Inc. have agreed to merge, creating a US$5 billion company producing both high-quality thermal and metallurgical coal.
In a statement, CONSOL and Arch said the combined company, to be called Core Natural Resources, would be a leading producer and exporter. The companies in 2023 sold approximately 101 million tons of coal to steelmaking, industrial, and power-generation customers.
“Core Natural Resources will enjoy the benefits of CONSOL’s growing seaborne thermal business focused on industrial applications coupled with Arch's significant exposure to attractive global metallurgical coal markets,” said Arch chief executive officer Paul Lang.
The combined company will be headquartered in Canonsburg, Pa.
