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Arch Western Bituminous Group LLC history
Arch Western Bituminous Group LLC company history timeline
Arch was founded in 1969 by Merl Kelce, with backing from Ashland Oil.
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.
Nonunion operations in Wyoming worked over time, though, and in June of 1978, Arch reported profits of &Dollar;14.1 million on sales of &Dollar;156.8 million.
In 1984 they paid &Dollar;145 million for troubled United States Steel's coal business.
After problem-filled, on-again-off-again negotiations, Arch paid &Dollar;135 million for Diamond Shamrock Coal in 1987.
Growth continued with the acquisition of Blue Diamond Coal, and in April of 1991, Arch and the University of Kentucky resolved a long-running dispute that previously prevented Arch from mining lands adjacent to a University forest research project.
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