Alpha targeting growth abroad: Crutchfield

Jun 25, 2013 | 10:05 AM | Stacy Irish

Tags  Kevin Crutchfield, Alpha Natural Resources, coal, metallurgical coal, coal prices, Stacy Irish

NEW YORK — Alpha Natural Resources Inc. aims to expand its presence in Asia and South America, according to chairman and chief executive officer Kevin Crutchfield.

"Part of the company’s strategy since early last year has been setting its sights on more promising growth markets abroad, while adjusting its large portfolio of mines accordingly," Crutchfield told AMM sister publication Steel First.

The Bristol, Va.-based coal producer continues to reduce production at its higher-cost metallurgical coal mines to balance supply with weak demand from U.S. and international steelmakers.

Alpha idled its Boone County mine in West Virginia earlier this month due to challenging market conditions for coal. The company also is shutting down the Justice No. 1 mine, which produces a 50-50 mix of metallurgical coal and thermal coal, and is slowing production at the Liberty preparation plant. ....

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