Under the deal, AHGP would become a wholly owned subsidiary of ARLP
and all of the ARLP
common units held by AHGP and its subsidiaries would be distributed to the unitholders of AHGP in exchange for their AHGP common units.
The closing of the Simplification Transactions, which is currently expected to occur in the second or third quarter of 2018, is subject to the satisfaction of customary closing conditions, including the approval of the Simplification Agreement by the affirmative vote or consent of holders of a majority of the outstanding AHGP common units, and the effectiveness of a registration statement on Form S-4 to be filed with the Securities and Exchange Commission (the SEC) by ARLP
with respect to the distribution of the Exchange Units.
currently operates eight mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia as well as a coal-loading terminal on the Ohio River at Mount Vernon, Indiana.
Unfortunately, prolonged weak market conditions made this production response necessary," said Joe Craft, president and CEO, ARLP
As previously announced, ARLP
and AHGP will report financial results for the 2017 Quarter before the market opens on Monday, January 29, 2018 and Alliance management will discuss these results during a conference call beginning at 10:00 a.
Led by higher production and sales volumes from our Hamilton longwall operation, net income attributable to ARLP
and EBITDA increased by 21.
For 2018, ARLP
is providing the following full-year guidance for its operating and investment activities: Capital Expenditures and Investments:Total 2018 capital expenditures for ARLP
's operating activities are currently estimated in a range of $220M to $240M.
and other parties all of the equity interests in White Oak Resources LLC not currently owned by ARLP
, the company said.
Upon closing of the transaction, Alliance WOR Processing, LLC, a wholly-owned subsidiary of ARLP
, assumed operating control of the White Oak Mine No.
plans to continue Pontiki operations until Q4 to fulfill commitments under existing sales orders before ceasing production.