Alpha targeting growth abroad: Crutchfield
Jun 25, 2013 | 10:05 AM
| 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 companys 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. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.