Alpha rules out divestiture of metallurgical coal assets
Apr 26, 2013 | 11:59 AM
| Juan Weik
RIO DE JANEIRO Alpha Natural Resources Inc. does not plan to sell off any of its metallurgical coal assets in the near future, chairman and chief executive officer Kevin Crutchfield told AMM sister publication Steel First April 25.
Analysts recently suggested there would be more mine closures, idlings and sell-offs in the U.S. coal sector.
However, even though scant demand for coal has forced the Bristol, Va.-based company to significantly reduce production in recent months, most of those cuts were in thermal coal, Crutchfield said on the sidelines of the 6th Coaltrans Brazil and South America conference in Rio de Janeiro.....
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