Massey deal. Alpha Natural Resources is a producer of thermal and metallurgical coal. By acquiring Foundation Coal and Massey Energy in 2009 and 2011, respectively, Alpha has become one of the largest coal miners in North America. Alpha operates in Central
(Reuters) - The head of U.S. coal producer Alpha Natural Resources said on Wednesday it was too early to say whether the company's $7 billion acquisition of Massey Energy last year was a strategic success.
Aug 8 (Reuters) - The head of U.S. coal producer Alpha Natural Resources said on Wednesday it was too early to say whether the company's $7 billion acquisition of Massey Energy last year was a strategic success.
Central App players we cover, Alpha is more "Patriot-like." It acquired several unionized operations when it bought Massey Energy in early 2011 (10% of employees). More importantly, Massey, being a very old miner, accumulated nearly $1 billion
Resources (ANR) has reportedly agreed to a $200M settlement over civil and criminal charges connected to last year's Massey Energy mining disaster. An announcement is expected today. Olympus "rotten to the core." As expected, an investigative panel
range of civil and criminal penalties linked to the Upper Big Branch accident as well as other liabilities it inherited when it bought Massey Energy in June, the Wall Street Journal said, citing several people familiar with the settlement.
Dec 5 (Reuters) - Federal regulators are expected to issue the largest fine ever to a U.S. mining company in connection with the Massey Energy accident last year that killed 29 coal miners in West Virginia, the Wall Street Journal said, citing two people briefed on the matter.
Nov 3 (Reuters) - Coal miner Alpha Natural Resources' third-quarter profit easily beat Wall Street estimates as revenue more than doubled on higher steel-making coal prices and the addition of mines it acquired from Massey Energy .
well below the fundamental value of its assets. Recall from my previous article that pro forma for ANR's acquisition of Massey Energy ( MEE ), Alpha is now the 3rd largest producer of coking coal in the world. The combined company has 5 billion Complete
foundered after the transactions. Alpha Natural Resources ANR, for example, has dropped 22% this year after it bought Massey Energy in January for more than $8 billion, a 21% premium. That said, this fund's prospects could improve if the global economy