Analysis
January 17, 2025
CRU: Core Natural Resources created in the US
Written by CRU
Coal miners Consol Energy and Arch Resources have completed what they describe as a merger of equals to form Core Natural Resources.
Headquartered in Canonsburg, Pa., the new company has the potential to produce 12 million metric tons (mt) per year of metallurgical coal and more than 25 million mt per year of thermal coal, as well as exporting 25 million mt per year of the output from 11 mines spread across six states.
Core expects to play an essential role in meeting the world’s growing steel, infrastructure and energy requirements, said Executive Chairman Jimmy Brock.
CEO Paul Lang added: “We fully intend to hit the ground running in capturing the combination’s substantial synergies and realizing the full potential of the new enterprise.”
Previously, Consol Energy focused on extracting thermal coal and Arch Resources on metallurgical coal.The merger was announced in August.
This analysis was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com.
