Alpha Natural Resources posts second quarterly loss

US coal miner Alpha Natural Resources on Thursday posted its second consecutive quarter-on-quarter loss on the back of slumping demand for thermal coal and weak prices. The company posted a net loss of $29.1-million or $0.13 a share, compared...

Two years after UBB tragedy, Alpha Natural to board up coal mine for good

On the eve of the second anniversary of the Upper Big Branch coal disaster that left 29 miners dead, Alpha Natural Resources, the third-biggest US coal producer by sales, said it will not reopen the operation. Alpha bought the mine, which has...

No slowdown in Chinese coal demand – SouthGobi

In the face of reports of a drop-off in demand and prices for metallurgical coal, TSX-listed SouthGobi Resources found it fit to inform investors on Monday that it had not noticed any weakness in Chinese markets, where the company sells its...

Coal miners Walter and Alpha say production to be lower

North American coal producers Alpha Natural Resources and Walter Energy both said on Wednesday that 2011 production would be less than previously predicted. For Walter, sales will be slightly over 5.2-million tons, or around 11% lower than the...

Copper to take the M&A spotlight: Ernst & Young

Canada led the world in mining acquisitions for the first half of the year, both for acquirers and targets, and low debt and big cash balances mean deal flow is likely to continue for the rest of the year, Ernst & Young said on Wednesday....

Miner killed at former Massey mine – Alpha Natural

A miner died on Monday evening at Alpha Natural Resources Voyager #7 coal mine, near Inez, Kentucky. There were no eyewitnesses to the accident, but an initial review indicates that the 26-year-old man was killed while travelling beneath an...

Govt says Massey to blame for fatal blast, falsified safety reports

A coal mine explosion that killed 29 people in West Virginia last year was probably caused by faulty water sprays, badly managed ventilation and built-up coal dust, and could have been prevented, US Department of Labour officials said on Wednesday.

Alpha Natural will review Upper Big Branch blast

Coal miner Alpha Natural Resources, which closed its acquisition of rival Massey Energy this week, will conduct its own review of the explosion at Massey's Upper Big Branch mine that killed 29 workers last year. Alpha Natural also “intends to...

Alpha Natural completes acquisition of Massey Energy

Alpha Natural Resources closed its purchase of fellow US coal producer Massey Energy after shareholders in both companies approved the transactions at separate meetings on Wednesday. Massey, which owned the Upper Big Branch mine where 29 workers...

Report faults Massey for Upper Big Branch blast

An independent report commissioned by then-West Virginia governor Joe Manchin blames coal producer Massey Energy for the explosion at its Upper Big Branch mine that killed 29 miners in April last year, concluding that the company operated its...

ISS backs Alpha Natural-Massey deal

Proxy research and advisory firm Institutional Shareholder Services has recommended that shareholders in both companies vote in favour of coal miner Alpha Natural Resources' plan to buy Massey Energy. Alpha agreed in late January to buy Massey...

Alpha Natural to offer $1,5bn of notes to help fund Massey deal

NYSE-listed coal miner Alpha Natural Resources plans to offer about $1,5-billion of senior notes to partly fund its acquisition of rival Massey Energy and repay debt, the company said on Friday. The proceeds of the sale will be used to repay...