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Alpha Natural Resources Inc

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  • CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...

  • Alpha, which idled some of its mines in West Virginia earlier this year, said its revenue fell 24 percent to $842 million in the three months to March 31 as sales volumes dropped more than 11 percent. Peabody Energy Corp and Arch Coal Inc reported bigger-than-expected losses last week. Alpha cut its 2015 capital spending plan to $200 million- $250 million from $225...

  • April 30- U.S. coal miner Alpha Natural Resources Inc reported its first profit in 13 quarters, helped by a $364 million gain on early debt repayment. The company posted net income of $68.2 million, or 30 cents per share, in the first quarter ended March 31, compared with a loss of $55.7 million, or 25 cents per share, a year earlier. Revenue fell 24 percent to $842 million...

  • WASHINGTON, April 16- Alpha Natural Resources Inc, a struggling U.S. coal company, may be forced to buy costly new insurance or otherwise ensure it can cover obligations for cleaning up any abandoned mines, according to officials in West Virginia. Alpha has been allowed to leave about $262 million in cleanup liabilities uninsured in West Virginia under a federal...

  • WASHINGTON, April 16- Alpha Natural Resources, a struggling U.S. coal company, may be forced into buying costly new insurance or shedding liabilities to ensure it can cover obligations to clean up any abandoned mines, officials in West Virginia said. Alpha Natural Resources has been allowed to leave about $262 million in cleanup liabilities uninsured in West...

  • BECKLEY, W. Va., March 24- The former chief executive of Massey Energy Co pleaded not guilty on Tuesday to a revised federal indictment arising from a 2010 West Virginia coal mine explosion that killed 29 miners. The former chief executive, Donald Blankenship, entered his plea in U.S. District Court for the Southern District of West Virginia. Massey was acquired in...

  • March 11- U.S. prosecutors unveiled a new indictment against former Massey Energy Co Chief Executive Donald Blankenship, accusing him of conspiring to falsify dust samples, in a case arising from a 2010 West Virginia coal mine explosion that killed 29 miners. William Taylor, a lawyer for Blankenship, declined on Wednesday to comment on the new indictment, which...

  • Alpha Natural and rivals such as Peabody Energy Corp and Arch Coal Inc are reining in expenses to make up for coal prices that have remained low for at least two years. Peabody Energy slashed its quarterly dividend last month and Arch Coal suspended its dividend this month. Adjusted cost of sales for Alpha Natural's eastern mines, spanning the Appalachian...

  • Jan 27- Coal miner Peabody Energy Corp slashed its quarterly dividend as it strives to rein in costs amid tepid demand, due to expectations that prices of natural gas, a cheaper alternative to steam coal, would remain weak in 2015.. The miner cut its quarterly dividend by 97 percent to 0.25 cents per share from 8.5 cents, sending its stock plunging as much as 9 percent...

  • Jan 5- A federal judge on Monday delayed by nearly three months the criminal trial of former Massey Energy Co Donald Blankenship on charges he violated federal mine safety laws prior to a 2010 West Virginia mine explosion that killed 29 miners. District Judge Irene Berger in Beckley, West Virginia, delayed the jury trial to April 20 from Jan. 26, court records show.

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