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Alpha Natural Resources Inc. filed for bankruptcy in Virginia Monday, becoming the latest victim of the coal industry’s worst downturn in decades. The second-largest U.S. coal company has lost ...
Alpha operates about 60 coal mines, many in parts of Appalachia that have seen the sharpest declines in coal demand and coal prices as electric power customers have switched to natural gas.
Alpha Natural Resources has idled or closed more than 80 mines since July 2011, fired 6,500 workers, and cut capital expenditures by 55% to $225 million in 2015, ...
Alpha Natural Resources becomes the latest in a series of coal mining companies to trim output and jobs this year as domestic coal-fired power plants shut down in the face of cheap new U.S ...
Alpha is paying $7.1 billion in cash and stock for Massey, the nation's fourth-largest coal producer by revenue. Massey operates 19 mining complexes in Virginia, West Virginia and Kentucky ...
NEW YORK -- Alpha Natural Resources Inc., one of the country's biggest coal producers, became the latest in a string of coal companies to seek bankruptcy protection amid an historic shift in the ...
Creditors of Alpha Natural Resources Inc. have hired advisers to prepare for possible restructuring talks ahead of an August debt payment, as the coal-mining company grapples with an industrywide ...
(Reuters) – Coal miner Alpha Natural Resources Inc is cutting 1,200 jobs, roughly 9 percent of its workforce, as increased use of natural gas for power generation dents demand.The company, which ...
Alpha Natural Resources, which reached a deal to merge with Contura Energy Inc. in April, has held talks with a rival bidder as recently as Friday. The unidentified rival bidder is privately owned ...
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