Alpha Natural Resources, Inc (NYSE:ANR)’s Eastern Coal Operations Update

683

Dallas, Texas 11/21/2013 (Financialstrend) – In Wednesday’s trading session, Alpha Natural Resources, Inc (NYSE:ANR) dropped by 0.81%. The opening price of the shares was $7.40, which climbed to an intraday high of $7.60 and headed to close at $7.32. Around 6.74 million shares were exchanged on Wednesday while the average-volume of 13.07 million shares were traded over a 30 day period. The 52-week low of Alpha Natural Resources, Inc (NYSE:ANR) shares is $4.78 while the 52-week high is $10.74. The company has a market capitalization of $1.62billion.

About the company
Alpha Natural Resources, Inc (NYSE:ANR) was formed on 29th November 2004. It is a supplier & an exporter of metallurgical-coals. These metallurgical coals are utilized in the steel-making process & the company also supplies thermal coal to various electric utilities & manufacturing industries. In addition to this, Alpha Natural Resources, Inc (NYSE:ANR) also exports thermal coal. As of 31st December 2012, Alpha Natural Resources, Inc (NYSE:ANR) operated 107 different mines as well as 26 different coal-operations. All of these operations were situated in the Central and Northern Appalachian region as well as in the Power River Basin.

Alpha Natural Resources, Inc (NYSE:ANR) operates in 2 business segments: first- Eastern Coal Operations and second- Western coals Operations. The company’s Eastern Coal Operations segment is made up of the mines in Central and Northern Appalachia, its coal-brokerage activities & its road-construction business. Its Western Coal Operations are made up of 2 Powder River Basin-mines that are situated in Wyoming. Alpha Natural Resources, Inc (NYSE:ANR) uses 5 different mining-techniques via which it extracts coal from the ground. This includes longwall mining, & room-and-pillar mining as well as truck-and-shovel mining & truck & front-end loader mining as well as highwall mining.

Eastern Coal Operations

Alpha Natural Resources, Inc (NYSE:ANR)’s operations that are located in Northern Appalachia are made up of its Cumberland &Emerald mining complexes and 5 underground mines & 9 surface mines & 2 additional preparation plants.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.