MARKETS

New home for Magnum Coal

MAGNUM Coal, which acquired three Arch Coal subsidiaries in a deal earlier this year, is setting ...

Donna Schmidt
New home for Magnum Coal

A company official told the Charleston Daily Mail that Magnum’s 50 employees are tentatively scheduled to move in late July.

“The choice of corporate headquarters is reflective of Magnum’s strong commitment to the coal industry, our employees, the city of Charleston and the state of West Virginia,” Magnum president Paul Vining told the paper in a statement.

“We will be within an hour-and-a-half drive from all of our employees and all of our mining operations once we complete the move this summer.”

In a deal effective December 31 of last year, St. Louis-based Arch sold 100% of its stock, operations and reserves for three of its divisions to Magnum, including Trout Coal, Hobet Mining, Apogee Coal and Catenary Coal, which are made up of the Hobet 21, Arch of West Virginia, Samples and Campbells Creek operations. The agreement was made in exchange for Arch’s minority ownership in Magnum.

In total, Magnum holds 17 surface and underground mines and seven preparation facilities, all of which are within the state of West Virginia, and controls more than 629 million tons of reserves, according to the paper.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets