Arch Looking to Sell Some US Thermal Coal Assets

Bloomberg reported that Arch Coal (NYSE:ACI) is seeking bids for some of its thermal coal mines in the US.

As quoted in the market news:

First-round bids for the mines, located in Kentucky, Illinois and Utah, are expected to come in late May, said one of the people, who declined to be named because the process is private. The mines will probably be sold in separate deals, said this person.

Click here to read the full Bloomberg report.