Utah's largest coal mining company, Canyon Fuel Co., has been sold by the St. Louis-based conglomerate Arch Coal Inc. for $435 million to Bowie Resources, LLC, a mining firm from Kentucky with operations in Paonia, Colo.
In an announcement Friday, Bowie Resources said it plans to "keep the existing 725-person workforce in place at the Canyon Fuel operations," which consist of the Sufco mine in Sevier County, the Dugout Canyon mine in Carbon County and the Skyline mine on the Emery/Carbon county border.
Together, the three mines produced more than 9 million tons of coal in 2012, 53 percent of the state's 16.85 million-ton total. The production pace at the three mines picked up slightly in the first quarter of this year. Federal Mine Safety and Health Administration records put the mines' output for the three-month period at almost 2.6 million tons, ahead of last year's pace.