GO
Loading...

Enter multiple symbols separated by commas

Alpha Natural Resources Inc

More

  • WASHINGTON, May 29- Alpha Natural Resources Inc no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 million in liabilities, Wyoming officials said on Friday. "At the end of the day, the rules for self bonding are very clear," said Keith Guille, a spokesman...

  • May 29- Alpha Natural Resources Inc said it was notified by Wyoming's environment department that it no longer qualified for "self bonding," which allowed the coal miner to avoid insurance or provisions of about $400 million for cleanup of mines. The news comes a day after a Delaware judge asked Alpha Natural to pay for the legal defense of Donald Blankenship, the...

  • May 28- Alpha Natural Resources Inc must pay for the legal defense of Donald Blankenship, who is facing a criminal trial over a coal mining disaster in 2010, when he headed Alpha's Massey Energy Co business, a Delaware judge ruled on Thursday. The indictment also said that after the explosion, he misled the U.S. Securities and Exchange Commission about Massey's...

  • Alpha ordered to pay ex-Massey CEO's legal fees Thursday, 28 May 2015 | 12:20 PM ET

    CHARLESTON, W.Va.— A federal judge has ordered Alpha Natural Resources to pay former Massey Energy CEO Don Blankenship's legal fees stemming from a criminal investigation and upcoming trial. In a ruling released Thursday in Delaware Chancery Court, the judge cited the terms of Massey's charter and the company's merger agreement with Alpha.

  • Huge drop in West Virginia coal production forecast Thursday, 28 May 2015 | 11:02 AM ET

    CHARLESTON, W.Va.— West Virginia University researchers predict that state coal production will drop 39 percent compared with the industry's last high point in 2008— less-than-encouraging news for more than 1,800 coal miners who learned last week they would likely lose their jobs. The report rattles off a combination of familiar economic, geological and...

  • 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.

  • What to buy now on the Republican takeover Wednesday, 5 Nov 2014 | 12:23 PM ET

    Investors say shares of coal and natural gas companies, and medical device makers, have not yet fully priced in the Republican blowout in the election.

  • Lightning Round: GE, Transocean & more Monday, 22 Sep 2014 | 6:48 PM ET

    It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Dash for trash: Pros pick comeback stocks Monday, 15 Sep 2014 | 12:06 PM ET
    Dash for trash: TGT, COH & more

    The "Fast Money" traders share their top picks for stocks that are now poised for a comeback.

  • Midday movers: AOL, Cerner, Ralph Lauren & More Wednesday, 6 Aug 2014 | 1:13 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Some of Wednesday's midday movers:

  • Coal stocks poised for their comeback Wednesday, 9 Jul 2014 | 7:30 AM ET

    Investors are down on coal as institutions divest fossil fuel stocks and Obama gets tough on emissions. Maybe it's a good time to invest.