By St. Louis Business Journal

Arch Coal said today that its profit fell to $19.1 million in the third quarter, compared with net income of $46.7 million in the third quarter of 2010. The St. Louis-based coal miner blamed flooded mines, as well as acquisition-related costs and debt retirement fees associated with its acquisition of International Coal Group in June.

Revenue for the quarter ended Sept. 30 rose to $1.2 billion, up from $874.7 million a year earlier.

"Our third quarter financial results reflect lower Powder River Basin shipments versus a year ago due to the impact of Midwestern flooding on rail service, as well as reduced profitability at our Mountain Laurel operation in Appalachia as a result of geologic challenges," Chairman and CEO Steven Leer said in the earnings release.

St. Louis-based Arch Coal's $3.4 billion acquisition of International Coal Group makes Arch Coal (NYSE: ACI) the second-largest metallurgical coal supplier in the U.S.

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