Arch Coal Inc. said Thursday that it will repurchase up to 14 million shares of its common stock, effective immediately.
The buyback would be worth more than $370 million based on Wednesday’s closing price of $26.45 a share. The repurchase plan represents about 9.8 percent of Arch Coal’s shares; the company had 143,544,602 common shares outstanding [...]

Arch Coal Inc. said Thursday it agreed to invest $25 million in DKRW Advanced Fuels LLC as part of a deal in which it acquired a 25 percent equity interest in the company.
Arch said in a release that in exchange for the equity interest, it also agreed to extend its existing option agreement with DKRW [...]

Arch Coal Inc. said Thursday that Brian Jennings was elected to its board of directors effective immediately. He will serve on the board’s finance and audit committees.
Steven Leer, Arch Coal’s chairman and CEO, said in a statement, “Brian’s expertise in corporate finance for the global energy industry will be extremely valuable to the board and [...]

After competing with eight sites nationwide, Mattoon and Tuscola, Ill., have made a short list of possible locations for the FutureGen clean-coal power plant.
The FutureGen Industrial Alliance is a coalition of coal companies and electric utilities that is working with the U.S. Department of Energy to design and build the plant. The $1 billion public-private [...]

Peabody Energy and Rentech Inc. said Tuesday they agreed to evaluate sites in the Midwest and Montana for projects that would transform coal into diesel and jet fuel.
Peabody spokesman Vic Svec told the St. Louis Business Journal that the coals-to-liquids projects would be sited where the company has large reserves, specifically Montana and the Illinois [...]