KPMG Corporate Finance LLC Advises Concept Mining on Sale of Its West Virginia-Based Coal Business to ArcelorMittal

KPMG Corporate Finance LLC, a full service, independent, middle-market investment bank, today announced that it was the exclusive advisor for the privately-owned Concept Mining and The Ridge Land Group on the sale of its metallurgical coal business in West Virginia to ArcelorMittal, the world’s largest integrated metals and mining company. The transaction adds in excess of 57 million metric tons of saleable and recoverable coal reserves and resources in the Appalachian region to ArcelorMittal.

“This transaction is representative of a continuing consolidation trend in North American mining and in particular in the Appalachian region,” said Peter Gray, managing director, KPMG Corporate Finance LLC. “With commodity demand and supply factors continuing to support sustainable high commodity prices, the acquisition path that ArcelorMittal is following signifies a wider trend toward integration among the major mining and metals companies.” read more

Source: KPMG Corporate Finance LLC