Alpha Natural Resources, Inc (NYSE:ANR)’s Eastern Coal Operations Update


Dallas, Texas 11/20/2013 (Financialstrend) – In Tuesday’s trading session, Alpha Natural Resources, Inc (NYSE:ANR) dropped by 2.89%. The shares opened at a price of $7.59, which touched the intraday high of $7.74 and headed to a close of $7.38. Around 13.42 million shares were traded on Tuesday and an average volume of 12.89 million shares were traded over a 30 day period. The 52-week low of Alpha Natural Resources, Inc (NYSE:ANR) shares is $4.78 and its 52-week high is $10.74. The company has a market capitalization of $1.63 billion.

About the company

Alpha Natural Resources, Inc (NYSE:ANR) was formed on 29th November 2004. It is a supplier & exporter of metallurgical-coals that are utilized in the steel-making process. It is also a supplier of thermal-coal to numerous electric utilities & manufacturing industries and an exporter of thermal-coal. As of 31st December 2012, Alpha Natural Resources, Inc (NYSE:ANR) operated 107 different mines and 26 coal-preparation plants located in Central and Northern Appalachia and the Powder River Basin. Alpha Natural Resources, Inc (NYSE:ANR) operates in 2 business segments: 1- Eastern Coal Operations and 2- Western coals Operations.

The company’s Eastern Coal Operations is made up of the mines in Northern & Central Appalachia, its coal-brokerage activities & the road construction business. Western Coal Operations is made up of 2 Powder River Basin-mines located in Wyoming. Alpha Natural Resources, Inc (NYSE:ANR) uses 5 different mining-techniques for coal extraction from the ground- 1- longwall mining, 2- room-and-pillar mining, 3- truck-and-shovel mining, 4- truck & front-end loader mining & 5- highwall mining.

Eastern Coal Operations

Alpha Natural Resources, Inc (NYSE:ANR)’s operations situated in Northern Appalachia are made up of its Cumberland & Emerald mining-complexes, and 5 underground mines & 9 surface mines & 2 additional preparation-plants. It controls around 940.4M tons of reserves via its operations in this segment. Around 180.9M tons are also assigned to its active mines & 759.5M tons are unassigned.