The deal comes as investors look for consolidation in an industry that is recovering from a deep downturn in 2015 and 2016.
Alpha Natural Resources Mining News
Regulators argue the undisclosed liabilities increase the probability that the state will be left with claims under the surface-mining and other environmental laws.
Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.
Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.
She is still trying to recover from her televised comments in March, when she said she would put coal companies and miners out of business.
Blankenship is scheduled to be sentenced on April 6, day that marks the sixth anniversary of the Upper Big Branch Mine disaster.
This is the third time in a month the U.S. coal miner downsizes its workforce.
The freeze on new leases for coal mined from federal lands is part of a sweeping review of the federal coal plan.
Documentary to air Jan. 26 on PBS tells the story of how coal miners came together in a protracted struggle for their rights.
In his final State of the Union address, Obama said companies leasing coal and oil rights on federal land should pay more for the effects those fuels have on climate change.
Analysts from McKinsey and Co. warn the U.S. is currently home to a collection of “zombie mines” that cannot turn a profit, but are too costly to close.
Jurors have begun deliberating the fate of Blankenship, leader of the company that owned the Upper Big Branch mine at the time of a 2010 deadly explosion.
Former Massey Energy CEO, Don Blankenship, could face up to 30 years in prison in relation with a deadly 2010 mine accident in West Virginia.
Use of coal for power generation peaked about two years ago, a new report suggests.
While the US Democratic presidential candidate doesn’t believe in coal mining, she plans to invest in job training and education, infrastructure and healthcare, and projects to turn abandoned mines into new real estate.
The total number of operating coal mines in the U.S. has hit its lowest point since at least 1923, one of the earliest year on record, according to the Energy Information Administration.
Average sales margins for coal miners have fallen by about half since 2011, forcing three of the U.S.'s largest publicly traded producers to file for bankruptcy protection this year.
The slump in the coal market has claimed another victim.
U.S. miners have stabilized or even increased productivity at both surface and underground coal operations in the past two years, a study released Monday shows.
Production costs for a handful of U.S. coal producers declined in 2014, but some Illinois Basin producers actually reported higher costs, according to a cost-of-coal-sales-per-ton analysis by SNL Energy.
Paul Vining will become CEO of an affiliate of Cline Group, focused on the acquisition and operation of coal mines outside of the U.S.
Alpha Natural Resources, Inc.(NYSE: ANR), announced Friday that Plum Energy LLC will construct a liquefied natural gas (LNG) plant on property adjacent to Alpha Coal West Inc.'s Eagle Butte Mine, near Gillette, Wyoming.
The U.S. second largest coal producer blamed weak market conditions and increased government regulation for the decision.
The second-largest U.S. coal producer severely harmed aquatic life, says the ruling.
Company trying to retain execs 'through particularly difficult market and regulatory conditions.'