India's Essar Group has bought West Virginia-based coal producer Trinity Coal Partners from private-equity firm Denham Capital Management for $600 million.
Trinity is a top 10 coal producer in the US, operating six mining complexes with a total of 10 surface mines, three underground mines and six highwall miner units in Kentucky and West Virginia. It employs around 650 people. Trinity has a proven reserve base of 200 million tonnes of coal split between metallurgical and steam coal, which...