In other coal news from St. Louis, Armstrong Energy, a private coal firm headquartered in Clayton, has filed for an IPO.
Coal producer Armstrong Energy files for a $69 million IPO
10/12/11
Armstrong Energy headquarters on Forsyth Boulevard, Clayton
Armstrong Energy, a producer and distributor of high sulfur thermal coal, filed on Wednesday with the SEC to raise up to $69 million in an initial public offering. The firm is stationed near the Illinois Basin in Western Kentucky and markets their coal to electric utility companies as fuel for their steam powered generators. During the first six months of 2011 Armstrong energy has produced 3.2 million tons of coal from their six operating mines. The St. Louis, MO-based company was founded in 2006 and booked $240 million in revenues for the 12 months ended June 30, 2011.
(Read more)
Link:
St. Louis Business Journal: Armstrong Energy, affliate plan IPOs