Company to Buy Triad Mining Operators: James River Coal Purchase a `Good Fit'

Evansville Courier & Press › April 20, 2005

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Summary

A Virginia-based mining company plans to acquire a private Kentucky operator that owns several coal mines in southwest Indiana.

James River Coal Co. of Richmond, Va., recently announced it would purchase Triad Mining Inc. of Owensboro, Ky., in a $75 million deal. The purchase will consist of $64 million in cash and $11 million in common stock, James River Coal Co. officials said in a statement.

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Company to Buy Triad Mining Operators: James River Coal Purchase a `Good Fit'

Triad Mining owns and runs six surface mines and one underground mine in...

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