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Stock Market & Financial Investment News

News Breaks
July 31, 2014
17:19 EDTANRAlpha Natural announces plans to downsize West Virginia mining operations
Eight operating affiliates of Alpha Natural Resources have notified their employees late this afternoon that the coal mines and other facilities where they work are subject to being idled due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian mining industry. In accordance with requirements of the Worker Adjustment and Retraining Notification Act, notice has been given today to approximately 1,100 employees at 11 Alpha affiliated surface mines in West Virginia, as well as preparation plants and other support operations, advising them of the expected idling of those facilities based on Alpha's current assessment of market conditions. While no reductions in force are occurring immediately at these sites, they are currently planned to take place by mid-October.
News For ANR From The Last 14 Days
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October 9, 2014
11:36 EDTANRCoal price near-term rebound less likely after China tax, says Brean Capital
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11:00 EDTANRChina to reinstate tariffs on coal, Bloomberg reports
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