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.

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