Alpha Natural Resources emerges from Chapter 11 bankruptcy

By The Associated Press

Alpha Natural Resources says it has emerged from Chapter 11 bankruptcy as a smaller, privately held company operating 18 mines and eight preparation plants in West Virginia and Kentucky.

 

BRISTOL, Va. (AP) — Alpha Natural Resources says it has emerged from Chapter 11 bankruptcy as a smaller, privately held company operating 18 mines and eight preparation plants in West Virginia and Kentucky.

The company said in a news release that David Stetson was appointed CEO of the reorganized company. Alpha and its affiliates will have offices in Julian, West Virginia, and Kingsport, Tennessee, supporting operations at 14 mining complexes in central Appalachia.

Stetson said in the release that the restructured company has a solid financial foundation and a strong team to continue mining and selling coal.

Bristol, Virginia-based Alpha Natural Resources, once one of the nation's biggest coal producers, filed for Chapter 11 last August. The bankruptcy plan was approved earlier this month by the U.S. Bankruptcy Court for the Eastern District of Virginia.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013