Arch Energy Resources joins globalCOAL
LONDON AND SINGAPORE – 7 January 2011
globalCOAL® announced today that St-Louis based Arch Energy Resources LLC has joined the globalCOAL trading platform as a Market Member.
Arch Energy Resources LLC is a subsidiary of Arch Coal, the second-largest coal producer in the United States which supplies approximately 16% of the country’s coal through its eleven mining complexes in Wyoming, Utah, Colorado, West Virginia, Kentucky, and Virginia. The Arch Energy Resources group’s activities center on coal and emissions trading, coal procurement and terminal management activities. Arch Coal is traded on the New York Stock Exchange under the ticker symbol ACI.
“globalCOAL is happy to bolster its US representation with this new Market Member”, says Eoghan Cunningham, CEO of globalCOAL. “Arch Coal is a major US coal producer controlling a vast domestic reserve. Their interest in the seaborne traded market is a good indication that we might see increasing participation from US-based players into the SCoTA® market.”
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