Arch Coal Sells Select Assets in Central Appalachia to Magnum Coal Company - Abstract.BOSTON -- The ARCH COAL Arch Coal (NYSE: ACI) is a United States coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Coal is the second largest supplier of coal in the U.S. INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. (NYSE NYSE See: New York Stock Exchange :ACI ACI American Concrete Institute ACI Arch Coal Inc ACI Airports Council International (formerly Airport Associations Coordinating Council) ACI Automobile Club d'Italia ACI American Competitiveness Initiative ) Corporate Conference Call took place on 3-Jan-06 2:00pm ET. ACI announced on 01/03/2006 that it had completed the sale of its Hobet Mining, Apogee Coal Co., and Catenary Coal Co. subsidiaries to Magnum Coal Co. effective 12/31/2005. As a result of the sale, ACI expects to record a small net gain during 4Q05, which includes the write-off of an estimated $50-60m of below-market legacy sales contracts retained by the Co.'s sales in the transaction. More information on this Conference Call can be obtained from Research and Markets at http://www.researchandmarkets.com/transcripts/76613 This document provides verbatim text of the conference call. |
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