Alpha Natural earnings jump 221%, lifts output forecast

US coal miner Alpha Natural more than tripled its fourth quarter profit to $18-million, compared with $5,6-million a year earlier, boosted by higher shipments after the company acquired rival Foundation Coal last year. The firm said it had...

Alpha Natural, Foundation close tie-up to form new US coal no. 3

US coal miner Alpha Natural has completed its merger with rival Foundation Coal, after shareholders in both companies approved the transaction on Friday. The merged company is the third-largest coal producer in the US, with more than 60 coal...

Daily podcast – February 6, 2009

In today's podcast: Macquarie indicates that the outlook for the global coal industry in the short term is significantly bleak; and India's Sterlite Industries is close to a deal to buy US copper miner Asarco LLC from bankruptcy.

Alpha Natural still seeking consolidation

US coal producer Alpha Natural Resources plans to use its strong balance sheet to take advantage of acquisitive growth opportunities, chairperson and CEO Michael Quillen said on Thursday. “Our philosophy hasn't changed...we are not looking to...