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Early in 1969 he and longtime associate William "Guy" Heckman formed Sinclair Associates to make selected coal investments.
In June of 1971 Heckman wrote a memo to Herbert Hunt and Ashland's Buck Weaver suggesting the possible availability of Southwestern Illinois Coal Company.
The Fabius mine was losing money and having trouble meeting its commitment to the TVA. Early in 1973, the mine defaulted on its notes reverted to the TVA, which had guaranteed them three years earlier.
In December of 1977 Jerry Patrick pushed through a special &Dollar;28 million bucket and wheel system for the Captain Mine.
Hoping Samples could provide the technical leadership the company needed, Heckman hired him as president in September of 1982.
At the end of 1985 Arch of Illinois acquired the Leahy mine from Amax and the following year opened the Horse Creek mine three miles northeast of the Captain mine.
By June of 1989 Arch Mineral was producing 23 million tons of coal annually.
By 1992 Arch was one of the country's leading and fastest-growing coal producers.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| International Coal Group | 2004 | $647.7M | 1,425 | - |
| Massey Energy Co | 1920 | $2.7B | 5,850 | - |
| Alliance Coal, LLC | 1971 | $2.1B | 4,999 | 2 |
| PBS Coals | - | $540,000 | 170 | - |
| Peabody Energy | 1883 | $4.2B | 7,100 | 28 |
| CONSOL Energy | 1864 | $1.3B | 1,692 | 4 |
| Oxbow | 1983 | $130.0M | 230 | - |
| UNITED COAL COMPANY | 1970 | - | 1,000 | - |
| TECO Coal Corporation | 1982 | $240.0M | 499 | - |
| Seneca Coal Resources, LLC | 2015 | $58.0M | 125 | - |
Zippia gives an in-depth look into the details of Arch Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Arch Resources. The employee data is based on information from people who have self-reported their past or current employments at Arch Resources. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Arch Resources. The data presented on this page does not represent the view of Arch Resources and its employees or that of Zippia.
Arch Resources may also be known as or be related to Arch Coal, Arch Coal Inc, Arch Coal, Inc., Arch Resources, Arch Resources Inc. and Arch Resources, Inc.