Arch Coal is the largest mining company that produces coal from a mine site. Arch Coal has a coal mine site, Coal Creek and Black Thunder in the Powder River Basin. Production of coal from three coal mining exploration project in the last year reached 144 million tons. Coal production is sold to power plants of 42.1 million tons.

To increase the production of coal from the company, Arch Coal planned purchase of coal mine owned by Rio Tinto, located in Wyoming. Purchase of coal mine plan has been approved by the Federal Trade Commission. Purchase value of the proposed coal mine $ 761 million.

Steven F. Leer, Arch’s chairman and CEO, said, “We are now working quickly to complete our due diligence on transactions and to meet all the necessary conditions required to close.”

In May, Arch said the proposed purchase has been slowed by the FTC request for more information before signing the agreement. The deal was first announced in March.

Arch, one of the world’s largest coal producer, expects to produce 116 million to 120 million tons of coal this year from mines in Wyoming, Utah, Colorado, West Virginia, Kentucky and Virginia.

Rio Tinto Ltd is a global mining company with offices in Australia, England and elsewhere.

Arch Coal shares added 51 cents, or 3 percent in trading Friday, settling at $ 17.50 per share.

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