Arch Coal Reports Closing of Sale of Canyon Fuel Unit, Expecting Pretax Gain $120M

Arch Coal, Inc. (NYSE: ACI ) ("Arch") today announced that it has completed the sale of its subsidiary, Canyon Fuel Company, LLC ("Canyon Fuel") to Bowie Resources, LLC for $423 million in cash, which is inclusive of working capital adjustments. The sale includes the Sufco and Skyline longwall mines, the Dugout Canyon continuous