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February 25, 2013
07:44 EDTANRAlpha Natural expects 2013 shipment volumes 81M-92M tons
Expects to reduce overhead expenses of $150M annually by streamlining field operations & corporate functions. The expected savings will be at least $100M in cost of coal sales $50M in SG&A. The company has also reduced FY13 CapEx to $300M-$350M from $498M in 2012. Comments taken from slides for JP Morgan Global High Yield & Leveraged Finance Conference.
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