Arch Resources and CONSOL Energy Stockholders Approve Pending Merger

Published: January 10, 2025 |

Following the combination, the combined company will be renamed Core Natural Resources.

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Arch Resources and CONSOL Energy said both companies’ stockholders voted to approve all proposals in relation to the pending combination of CONSOL and Arch.

Arch and CONSOL will both file the final certified voting results for their respective special meetings on a Form 8-K with the U.S. Securities and Exchange Commission.

Approval by both companies’ stockholders is one of the conditions to the closing of the pending combination. The combination is expected to be completed on January 14, 2025, subject to the satisfaction or waiver of the remaining customary closing conditions.

Following the combination, the combined company will be renamed “Core Natural Resources” and will be headquartered in Canonsburg, Pennsylvania.

Arch Resources is a premier producer of high-quality metallurgical products for the global steel industry. The company operates large, modern and highly efficient mines that consistently set the industry standard for both mine safety and environmental stewardship.

CONSOL Energy is a Canonsburg, Pennsylvania-based producer and exporter of high-Btu bituminous thermal coal and metallurgical coal. It owns and operates some of the most productive longwall mining operations in the Northern Appalachian Basin. CONSOL’s flagship operation is the Pennsylvania Mining Complex, which has the capacity to produce approximately 28.5 million tons of coal per year and is comprised of 3 large-scale underground mines: Bailey Mine, Enlow Fork Mine, and Harvey Mine. CONSOL also developed the Itmann Mine in the Central Appalachian Basin, which has the capacity to produce roughly 900 thousand tons per annum of premium, low-vol metallurgical coking coal. The company also owns and operates the CONSOL Marine Terminal, which is located in the port of Baltimore and has a throughput capacity of approximately 15 million tons per year. In addition to the ~584 million reserve tons associated with the Pennsylvania Mining Complex and the ~28 million reserve tons associated with the Itmann Mining Complex, the company also controls approximately 1.3 billion tons of greenfield thermal and metallurgical coal reserves and resources located in the major coal-producing basins of the eastern United States.

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