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Stock Market & Financial Investment News

News Breaks
August 15, 2013
17:42 EDTANRAlpha Natural says Cumberland mine resumes operations
Alpha Natural Resources announced its that subsidiary, Cumberland Coal Resources, has mitigated adverse geological conditions in the headgate area of its Cumberland underground longwall mine in Greene County, Pa. As a result, the company has resumed operations and lifted the force majeure related to the geological conditions that halted mining operations and coal shipments July 15. The company says that while mining and coal shipments have resumed, mine personnel are gradually ramping up operations while continuing to monitor the headgate area geological status and all mine safety and operations conditions.
News For ANR From The Last 14 Days
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October 30, 2014
08:20 EDTANRAlpha Natural back 2014 capital expenditures at $225M-$275M
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08:19 EDTANRAlpha Natural raises 2014 shipment guidance for Eastern coals, maintains PRB
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08:12 EDTANRAlpha Natural says may consider sale of some or all Rice Energy shares
As of the end of the third quarter of 2014, Alpha Natural (ANR) had total liquidity of approximately $2.3B, consisting of cash, cash equivalents and marketable securities of more than $1.3B, which includes approximately 6.4M shares of Rice Energy (RICE) valued at approximately $170M, and more than $0.9B available under the Company's secured credit and accounts receivable securitization facilities. Alpha said, "Rice Energy shares held by Alpha are subject to customary lock-up provisions which expire on November 11, after which we may consider a potential sale of some or all of these shares." Total long-term debt, net of debt discounts, and including the current portion of long-term debt as of September 30, was approximately $3.9B, including approximately $154M of senior convertible notes maturing in 2015.
08:11 EDTANRAlpha Natural continuing to assess Central Appalachian thermal production
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08:09 EDTANRAlpha Natural reports Q3 adjusted EPS (53c), consensus (70c)
Reports Q3 revenue $1.05B, consensus $998.65M. "While coal markets remained extremely challenging in the third quarter, we continue to be proactive by thoughtfully rationalizing our production base, reducing costs and maximizing efficiency. Our continuing cost reduction efforts in the East and other corporate actions are yielding strong results, including multi-year lows in Eastern adjusted cost of coal sales at $61.69 per ton in the third quarter, allowing us to reduce our Eastern cost of coal sales guidance for 2014 by $2.00 to a midpoint of $63.00 per ton. Although costs in the PRB were lower in the third quarter compared to the second quarter, they once again came in above our expectations, primarily due to rail underperformance, which continues to hinder shipment volumes," said Kevin Crutchfield, chairman and CEO.
October 28, 2014
10:45 EDTANRCONSOL rises after acknowledging long-term thermal coal MLP opportunity
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