Massey weighs offer from Alpha Natural – WSJ

Shares in Massey Energy jumped 11,2% on Friday, after the Wall Street Journal reported that the company was mulling a takeover offer from rival Alpha Natural Resources. The article cited unnamed people familiar with the matter.

Alpha Natural in talks with 'various parties' on growth

NYSE-listed Alpha Natural Resources is engaged in talks regarding possible growth, but it would be “inappropriate” to disclose details, the firm said on Monday. The coal-miner issued a statement after The Australian reported that Alpha...

Shuttle car suspension taken to a new level

Global underground mining equipment manufacturer Joy Mining Machinery has launched its upgraded four-wheel independent in-shuttle car suspension system, the Joyride.

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 reports roof fall at Pennsylvania mine

A roof fall at US coal-miner Alpha Natural Resources' Emerald longwall mine, in Pennsylvania, disabled the main conveyor line and shut down production on Wednesday, the company reported on Friday morning. No employees were in the area at the time...

Alpha Natural expects higher met, steam coal prices in 2010

There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to do so, Alpha Natural Resources CEO Kevin Crutchfield said on Thursday. Further, while inventories of US thermal coal remain...

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...

Alpha Natural sees 'encouraging early signs'

US coal-miner Alpha Natural Resources reported substantially lower revenue and profit for the second quarter of 2009, compared with a year ago, but the company is seeing "encouraging" signs that coal buyers are beginning to return to the market,...

Foundation settles dispute with ArcelorMittal

US coal miner Foundation Coal has reached a settlement agreement to end a dispute with ArcelorMittal, the firm said on Monday. Foundation had previously launched legal action against the steelmaker, claiming breach of contract, but ArcelorMittal...

Daily podcast – May 13, 2009

In today's podcast: South Africa's Chamber of Mines confirms that wage negotiations in the coal and gold sectors will start next week; and US metallurgical coal supplier Alpha Natural Resources agrees to buy Maryland-based rival Foundation Coal...

Alpha to buy rival, creating new US coal heavyweight

Alpha Natural Resources has agreed to buy Maryland-based rival Foundation Coal for about $1,4-billion in shares, creating what will be the nation's third-biggest coal miner. The merged company will be better able to weather the short term...

Foundation Coal quadruples Q4 profit, forecasts record '09

US coal producer Foundation Coal increased fourth-quarter earnings by 325% year-on-year, to $42,1-million, and expects to post another strong performance in 2009, chairperson and CEO James Roberts said on Thursday. Although demand for steam and...