Alpha announces 2017 production goal of 13 million tons.
Alpha Natural Resources, which emerged from bankruptcy in July, recently announced its plan to produce 13 million tons of coal in 2017. Alpha CEO David Stetson said about half will be sold into the thermal market for power generation and half into the metallurgical market for steel production.
"We have the world's premier metallurgical coals from multiple mines and high-quality, high-heat thermal coal production, which, in many cases has been serving the same power customers for decades," Stetson said.
"With 2,700 employees and 17 active mines and seven prep plants, we are a fully integrated coal company with estimated 2017 production in excess of 13 million tons. While one of the largest coal producers in the Central Appalachia (CAPP) region, we remain committed to being a good steward of the environment as we honor our obligations to federal and state agencies, as well as the communities in which we operate."
The capital projects include developing a conveyor system to connect the Workman Creek reserve base with the Marfork preparation plant in Raleigh County, West Virginia, which will provide transportation for 50 million metallurgical reserve tons and will remove coal trucks from local highways, Stetson said. And, expansion is planned for the Kepler mining complex in Wyoming County, West Virginia, that will provide access to 15 million tons of premium metallurgical coal.
Stetson said additional divestitures of inactive assets are likely. "We recently sold the Enterprise Mining complex to Kingdom-Keystone and we are in negotiations for at least three other idle complexes," he said.
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|Title Annotation:||BREAKING NEWS; Alpha Natural Resources|
|Publication:||Coal Age (1996)|
|Article Type:||Brief article|
|Date:||Nov 1, 2016|
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