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


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.

From other sites
Comments (4)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    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
  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
     
    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
  • lostalloncoal
    , contributor
    Comments (373) | Send Message
     
    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
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs