SOURCE: Industrial Info Resources

Industrial Info Resources

May 03, 2011 06:30 ET

Metals & Minerals Acquisitions Continue to Heat Up as Companies Look to Grow Resource Portfolios, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 3, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Yesterday, coal miner Arch Coal Incorporated (NYSE:ACI) (St. Louis, Missouri) announced plans to acquire International Coal Group Incorporated (NYSE:ICO) (Scott Depot, West Virginia) for an all-cash transaction of approximately $3.4 billion. The move will raise Arch to the position of second-largest metallurgical coal producer in the U.S., behind Alpha Natural Resources (NYSE:ANR) (Abingdon, Virginia), and elevates Arch to one of the top 10 met coal suppliers in the world.

The announcement comes in the wake of a growing number of large acquisitions in the Metals & Minerals Industry, including those of Massey Energy Company (NYSE:MEE) (Richmond, Virginia) and Rio Tinto plc (NYSE:RIO) (London, England).

As part of its Global Metals & Minerals Industry Database, Industrial Info is currently tracking more than 3,200 active mining projects totaling $1.2 trillion around the world.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to or visit us at

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