December 29, 2014 6:56 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Alpha Appalachia Holdings, Inc.

Company Overview

Alpha Appalachia Holdings, Inc., through its subsidiaries, operates coal mines and processing facilities primarily in the United States. The company engages in producing, processing, and selling steam and metallurgical grade bituminous coal, primarily of low sulfur content for power generation, metallurgical coke production, and industrial boilers. As of January 31, 2011, it operated 84 mines, including 66 underground mines and 18 surface mines in West Virginia, Kentucky, and Virginia. The company also produces, gathers, and markets natural gas in the Appalachian Basin. It owns and operates approximately 160 wells, 200 miles of gathering line, and various small compression facilities. The co...

4 North 4th Street

Richmond, VA 23219

United States

Founded in 1912

7,613 Employees

Phone:

804-788-1800

Fax:

804-788-1801

Key Executives for Alpha Appalachia Holdings, Inc.

Vice President of Sales & Marketing and President of Massey Coal Sales Company Inc
Age: 64
President of Group Operations
Age: 57
Chief Administrative Officer and Vice President
Age: 49
Chief Compliance Officer
Age: 54
Vice President and General Counsel
Age: 44
Compensation as of Fiscal Year 2014.

Alpha Appalachia Holdings, Inc. Key Developments

The Circuit Court of Buchanan County Awards $5 Million in Damages to Caperton over 16-Year-Old Massey Dispute

The Circuit Court of Buchanan County, Va., awarded $5 million in damages to coal investor Hugh Caperton over his 16-year-old legal battle against Massey Energy Co., an amount much less than the $90 million Caperton was originally seeking from the trial. Caperton had filed a lawsuit in 1998 against Massey, which was acquired by Alpha Natural Resources Inc. in 2011, alleging that his coal operations in Virginia were forced to shut down after Massey terminated a contract to supply metallurgical coal to LTV Corp. Caperton owned Harman Mining Corp. The verdict was announced on May 23 by a Buchanan County jury, which awarded $4 million to Harman Mining and two related companies, and $1 million to Caperton for personal financial damages.

Alpha Natural Resources, Inc., Alpha Appalachian Holdings and 66 Subsidiaries Agree to Spend $200 Million to Install and Operate Wastewater Treatment Systems

Alpha Natural Resources, Inc., Alpha Appalachian Holdings (formerly Massey Energy), and 66 subsidiaries have agreed to spend an estimated $200 million to install and operate wastewater treatment systems and to implement comprehensive, system-wide upgrades to reduce discharges of pollution from coal mines in Kentucky, Pennsylvania, Tennessee, Virginia and West Virginia, the Department of Justice and the U.S. Environmental Protection Agency (EPA) announced. Overall, the settlement covers approximately 79 active mines and 25 processing plants in these five states. EPA estimates that the upgrades and advanced treatment required by the settlement will reduce discharges of total dissolved solids by over 36 million pounds each year, and will cut metals and other pollutants by approximately nine million pounds per year. The companies will also pay a civil penalty of $27.5 million for thousands of permit violations, which is the large penalty in history under Section 402 of the Clean Water Act (CWA). In addition to paying the penalty, the companies must build and operate treatment systems to eliminate violations of selenium and salinity limits, and also implement comprehensive, system-wide improvements to ensure future compliance with the CWA. These improvements, which apply to all of Alpha's operations in Appalachia, include developing and implementing an environmental management system and periodic internal and third-party environmental compliance audits. The companies must also maintain a database to track violations and compliance efforts at each outfall, significantly improve the timeliness of responding to violations, and consult with third party experts to solve problem discharges. In the event of future violations, the companies will be required to pay stipulated penalties, which may be increased and, in some cases, doubled for continuing violations.

Judge Gives Approval for Alpha Natural Resources Inc. Settlement with Massey Energy Investors

A federal judge in West Virginia has given preliminary approval to Alpha Natural Resources Inc.'s proposed $265 million settlement with Massey Energy investors who say they were deliberately misled about its safety record before the 2010 Upper Big Branch mine disaster. The company said U.S. District Judge Irene Berger gave preliminary approval last week and set a hearing for June to discuss whether the settlement is 'fair, reasonable, and adequate.' The Massachusetts Pension Reserves Investment Management Board, which oversees public pension investments in Massachusetts, was the lead plaintiff in a class-action lawsuit brought by multiple investors against Alpha Appalachia Holdings Inc.

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