Essar buys Trinity Coal from Denham

Indian steel maker Essar shells out $600 million for US coal producer Trinity Coal, providing an exit for Trinity's private-equity owner Denham Capital.

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...

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