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Alpha Natural Resources (ANR) announces a strategic repositioning and organizational...

  • Tuesday, September 18, 2012, 7:43 AM ET
    Alpha Natural Resources (ANR) announces a strategic repositioning and organizational streamlining plan it says will reduce overhead costs by $150M. Mine idlings and production curtailments will reduce annual coal output ~16M tons by early 2013. Operational adjustments will cut ~1,200 positions from the current workforce of 13,100.
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This news story has 4 comments:

  •  
    The down cycle continues, even 2013 isn't looking much brighter anymore. Should hold off on any predictions until we see NG pricing go back to $3.50+
    18 Sep 2012, 08:30 AM Reply Like
  •  
    You can add or subtract any dancing partners ( business plans ) you like, but if people aren't buying your story, your stock price will languish or drop. Coal ain't goin' up until reality shows its face where coal is okay.

    I would adopt a jingle, "COAL IS OKAY" If I were the coal industry.

    Capt. Brian
    The Lost Navigator
    18 Sep 2012, 09:11 AM Reply Like
  •  
    Obama cares for poor and middle class. My foot. Obama is a wall street pig, giving away billions of tax-payers money for their bailout. He destroyed coal industry.
    18 Sep 2012, 09:13 AM Reply Like
  •  
    It's okay I hear all the miners have applied for jobs at Solyndra should hear back in a few weeks. lol
    18 Sep 2012, 09:25 AM Reply Like
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