West Virginia-based Trinity Coal Friday announced a $600 million deal with Essar Minerals, a subsidiary of Indian conglomerate Essar Group. Trinty operates 10 surface and three underground mines and employs approximately 650 people in West Virginia and Kentucky.
Trinity Coal's owner, Boston-based Denham Capital, announced that the acquisition will include about 200 million tons of reserves, which will give Essar coal to be integrated into its worldwide steel and power operations.