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Alpha Natural Resources is a large American producer
of metallurgical and thermal coal. It also provides services relating to
equipment repairs, road construction and logistics (terminals). It doesn't
produce all of the coal it sells, some is purchased and resold. Alpha operates
in Virginia, West Virginia, Kentucky, Wyoming, Utah, Illinois, Tennessee, and
Pennsylvania. Clients include electricity producers and steel manufacturers
(metallurgical coal is used industrially while thermal is the form of coal used
to generate power). The 2009 takeover of Foundation Coal also gave it the
Cumberland Mine Railroad to transport coal in Pennsylvania.
On January 31, 2011 Alpha Natural Resources acquired
coal producer Massey Energy for US$7.1 billion (to be completed midyear)
creating the second biggest coal miner by market capitalization. The merged
company (54% owned by Alpha Natural Resources) will be the leading producer of
metallurgical coal in the US and also have the second largest reserves of coal
(5.1 billion tons). Merging operations with Massey is estimated to reduce
combined operating costs by $150 million. 7,000 of the 14,000 employees are in
West Virginia. In 2010 demand for thermal coal rose while metallurgical coal
demand was flat (made up only 14% of coal sales down from 17% in 2009).
Alpha Natural Resources settled Massey's Upper Big
Branch Mine disaster liabilities with the U.S. Attorney for $209 million on
December 6, 2011. The settlement included $41.5 million to the survivors and
families of the deceased. The Mine Safety and Health Administration
additionally assessed a $10.8 million fine for 369 citations and orders, the
largest fine for a mine accident in U.S. history.
Type Public
Traded as
NYSE: ANR
S&P 500 Component
Industry Metals and Mining
Founded
2002
Headquarters
Bristol, VA, USA
Key people
Michael J.Quillan Chair
Kevin S. Crutchfield CEO
Kurt D.Kost President
Products
Coking coal
Website
www.alphanr.com
Benham KY US 40807
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Vicco KY US 41773
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Harlan KY US 40840
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Abingdon VA US 24212
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Benham KY US 40807
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Abingdon Virginia US 24212
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Abingdon VA US 24210
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Abingdon VA US 24212
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Beckley WV US 25802
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Beckley WV US 25802
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Norton VA US 24273
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Beckley WV US 25801
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Abingdon Virginia US 24212 One Alpha Place
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Julian WV US 25529
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Julian WV US 25529
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Beckley WV US 25801
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Norton VA US 24273
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Gillette WY US 82717
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Gillette WY US 82717
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Julian WV US 25529
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Gillette WY US 82717
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Abingdon VA US 24212
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Norton VA US 24273
| |
Abingdon VA US 24212 One Alpha Place
| |
Julian WV US 25529
| |
Julian WV US 25529
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Abingdon VA US 24210
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