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Stock Market & Financial Investment News

News Breaks
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.
News For ANR From The Last 14 Days
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August 14, 2014
08:21 EDTANRWhile Appalachian mines close, U.S. ramps up coal imports, WSJ says
Coal imports surged 44% to 5.4M metric tons during the first six months of this year compared with last, despite coal mines closing throughout the Appalachia region, reported The Wall Street Journal, which noted that IHS Energy said it costs $26 a ton to ship coal from Central Appalachia to Florida but only $15 a ton to get coal from a mine in Colombia. Imports supply just 1% of U.S. coal consumption, but the imports, especially from Colombia, "are a factor" in mine closings, the report added. Publicly traded coal companies include Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU), Alliance Resource Partners (ARLP), and Walter Energy (WLT). Reference Link

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