Whitesburg KY
Mostly sunny
Mostly sunny

James River acquisition done


James River Coal Co. says it’s completed the acquisition of International Resource Partners and its marketing subsidiary Logan & Kanawha Coal.

The Richmond- based producer of steam and industrial-grade coal announced the completion of the $475 million deal earlier this week.

James River had said the deal expands its offerings of metallurgical coal used to make steel and increases access to export markets.

International Resource Partners was a privately held partnership based in Charleston, W.Va. It operates a total of nine underground and surface coal mines in southern West Virginia and eastern Kentucky. The company’s mines produced 1.9 million tons in 2010.

James River operates mines in Kentucky and Indiana.

Leave a Reply