ArcelorMittal buys 2nd US coal operation; deal expands steelmaker’s access to coking coal
July 23, 08 by TheFleetIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!
Source: International Herald Tribune
Steelmaker ArcelorMittal is buying a second West Virginia coal mine operator.
Luxembourg-based ArcelorMittal said Monday it has a deal to acquire Concept Group, owner of 57 million tons of metallurgical-grade coal in West Virginia. Terms were not disclosed.
A month ago, ArcelorMittal purchased Mid Vol Coal Group, which has 85 million tons of reserves in Virginia and West Virginia. ArcelorMittal says Concept Group’s operations are next to Mid Vol’s.
