Alpha Natural Resources, Inc. (NYSE: ANR) announced today that it plans to permanently close the Upper Big Branch (UBB) mine near Whitesville, W.Va.
It's been a bleak spring for U.S. coal miners—and the question for Arch Coal Inc. ACI -1.66% and Alpha Natural Resources Inc. ANR -3.88% is whether they can even meet lowered expectations.
A coal miner was fatally injured in an Alpha Natural Resources Inc mine in West Virginia over the weekend, the company said on Monday.
Alpha Natural Resources took a $.73 billion hit in the fourth-quarter, but the US coal producer, the third largest of coking coal in the world, said it has a strategy to counter weak US coal markets by cutting production and concentrating on met coal used in steelmaking.
Donald Blankenship, whose former coal company Massey Energy was fined a record $10.8 million for safety violations connected to the worst mining accident in 40 years, has started a new mining company in Kentucky.
Shares in Alpha Resources (NYSE:ANR) climbed 13% today on news that the company pulled in record revenues this year and beat analyst targets.
The Virginia-based company, which acquired Massey Energy after a deadly blast at one of its coal mines last year, said it posted a record $2.3 billion in the first nine months of the year due in part to the inclusion of a full quarter of Massey's results, which contributed $805 million.
Alpha Natural Resources is expected to complete its $7 billion acquisition of Massey Energy Wednesday morning, after Massey shareholders lost two legal challenges in West Virginia and Delaware courts to stop the transaction. Meanwhile two prominent Democrats serving on the …

Gossan Resources Limited's Technical Advisor, Dr. Zuliani, will be delivering a paper entitled, "Developments in the Zuliani Process for Gossan Resources’ Magnesium Project" at the 69th Annual World Magnesium Conference on May 22th in San Francisco. The conference, sponsored by the International Magnesium Association (IMA), focuses on current developments throughout all aspects of the magnesium industry. View Press Release