SUPPLIERS NEWS Recent news from equipment and services suppliers to the global coal industry

摘要

Mergers and acquisitions, contracts and new partnerships: World Coal wraps up the suppliers news from the last month. UGM Holdings has bought ADDCAR Systems, a manufacturer of highwall mining systems, from Arch Coal for US$ 21 million. ADDCAR had been a wholly-owned subsidiary of Arch Coal following the acquisition of International Coal Group (ICG) in 2011. The sale includes all licenses, patents and technology related to the ADDCAR highwall mining system and its manufacturing facility in Ashland, Kentucky. Also included in the sale are all existing contract mining and equipment lease agreements. UGM will pay the US$ 21 million in three installments. Additional terms were not disclosed.