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...

Alpha CEO Crutchfield to become chairperson too

Alpha Natural Resouces CEO Kevin Crutchfield will replace Michael Quillen as chairperson of the US coal miner following a May 17 annual shareholders meeting, the company said on Tuesday. Quillen, 63, started the Bristol, Virgina-based company in...

Alpha Natural earnings nipped by higher costs

US coal miner Alpha Natural Resources increased first-quarter net profit, but missed analyst expectations after higher costs ate into earnings. The company, which agreed earlier this year to buy rival Massey Energy, earned $49,8-million, or $0,41...

Alpha agrees to buy Massey in $7bn-plus deal

US coal producers struck a deal over the weekend that would see Alpha Natural Resources buy rival miner Massey Energy for $7,1-billion in shares and cash. The deal would transform Alpha into one world’s largest producers of coal used for...

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...

Thermal recovery appears faster than expected – Alpha Natural

Demand for thermal coal, which was hit last year by the economic slowdown and a mild summer in the US, may come back faster than expected this year, Kevin Crutchfield, the CEO of US coal producer Alpha Natural Resources, said on Tuesday. “The...

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 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 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...