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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

alpha natural resources inc (ANR) Snapshot

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01/2/14 - $7.51
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alpha natural resources inc (ANR) Details

Alpha Natural Resources, Inc., together with its subsidiaries, is engaged in extracting, processing, and marketing thermal and metallurgical coal in Virginia, West Virginia, Kentucky, Pennsylvania, and Wyoming. As of December 31, 2013, the company operated 81 mines and 25 coal preparation plants in Northern and Central Appalachia and the Powder River Basin with approximately 4.3 billion tons of proven and probable coal reserves. The company also repairs and resells equipment and parts used in surface mining and supporting preparation plant operations; manufactures patented particulate scrubbers and filters for underground diesel engine applications; and rebuilds underground mining equipment. In addition, it owns and operates third-party end-user coal handling facilities; purchases and sells third party coal; sells non-strategic assets, such as timber, gas, and oil rights; leases and sells non-strategic surface properties and reserves; and provides coal and environmental analysis services. The company serves electric utilities, steel and coke producers, industrial customers, and energy traders and brokers. Alpha Natural Resources, Inc. was founded in 2002 and is based in Bristol, Virginia.

9,700 Employees
Last Reported Date: 11/6/14
Founded in 2002

alpha natural resources inc (ANR) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $1.0M
Total Annual Compensation: $641.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $456.0K
Chief Strategy Officer and Executive Vice Pre...
Total Annual Compensation: $403.8K
Compensation as of Fiscal Year 2013.

alpha natural resources inc (ANR) Key Developments

Alpha Natural Resources Affiliates Settle Selenium Cases

Alpha Natural Resources, Inc. affiliated mining operations in West Virginia announced the settlement of three selenium discharge suits brought by four environmental organizations. Selenium is a naturally occurring element that can be released into streams as a byproduct of some common earth moving activities, including surface mining. The lawsuits involved mining permits at certain Aracoma, Bandmill, Highland, Kanawha Energy, Marfork, Alex Energy and Independence mines. As part of the settlement, the Alpha-affiliated mining operations will pay a civil penalty of $350,000. The agreed upon compliance dates are largely consistent with existing permits or permit renewal proposals for these mining operations. By resolving all pending Clean Water Act lawsuits, these mining operations are able to move forward with implementing proven technology in their existing compliance plans rather than focusing on litigation.

Alpha Natural Resources Inc. Reduces Workforce and Cuts Production at West Virginia Metallurgical Coal Mine

Alpha Natural Resources Inc. announced that the company terminated 10 employees and will reduce annual production at the Wyoming No. 2 coal mine in West Virginia. The Wyoming No. 2 mine, operated by Brooks Run South Mining LLC, produces low-vol met coal. The international benchmark price for coking coal recently settled at $117/tonne, a dismal settlement compared to the pricing boom in 2011. The company announced that 64 workers will remain on the job but annual production will be reduced by approximately 65,000 tons. Alpha avoided additional layoffs related to the sweeping Worker Adjustment and Retraining Notification, or WARN, Act notices it issued earlier in 2014. Alpha said that it will not close any additional mines related to its major restructuring announcement in July, stating that cost reductions at the operations were able to compensate for weak coal prices. The Wyoming No. 2 mine, located in Wyoming County, was not among the mines listed in the initial restructuring announcement.

Alpha Natural Resources, Inc. Presents at 2014 US Basic Materials Conference, Dec-10-2014

Alpha Natural Resources, Inc. Presents at 2014 US Basic Materials Conference, Dec-10-2014 . Venue: Four Seasons, Boston, Massachusetts, United States.


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