Kevin S Crutchfield Net Worth is5.0 $Million
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Company Name: Alpha Natural Resources, Inc.

Company Type: Public company

Traded As: ANR

Foundation: 2002

Location City: Bristol, VA

Location Country: USA

Key People: '''Michael J. Quillan''' Chair,

Industry: Metals and Mining

Products: Bituminous coal#Coking coal

Revenue: $3,917.156 mil (2010)url

Net Income: $95.551 mil (2010) operating income

Assets: {{steadyUS$5.17928 bil (Dec'10)

Divisions: Foundation Coal (since 2009), Massey Energy (June 2011)

Num Employees: 14,000 (6,400 before Massey merger)


Alpha Natural Resources is a large American producer of metallurgical and thermal coal. It also provides services relating to equipment repairs, road construction and logistics (terminals). It doesn't produce all of the coal it sells, some is purchased and resold. Alpha operates in Virginia, West Virginia, Kentucky, Wyoming, Utah, Illinois, Tennessee, and Pennsylvania. Clients include electricity producers and steel manufacturers (metallurgical coal is used industrially while thermal is the form of coal used to generate power). The 2009 takeover of Foundation Coal also gave it the Cumberland Mine Railroad to transport coal in Pennsylvania.
On January 31, 2011 Alpha Natural Resources acquired coal producer Massey Energy for US$7.1 billion (to be completed mid year) creating the second biggest coal miner by market capitalization. The merged company (54% owned by Alpha Natural Resources) will be the leading producer of metallurgical coal in the US and also have the second largest reserves of coal (5.1 billion tons). Merging operations with Massey is estimated to reduce combined operating costs by $150 million. 7,000 of the 14,000 employees are in West Virginia. In 2010 demand for thermal coal rose while metallurgical coal demand was flat (made up only 14% of coal sales down from 17% in 2009).
Alpha Natural Resources settled Massey's Upper Big Branch Mine disaster liabilities with the U.S. Attorney for $209 million on December 6, 2011. The settlement included $41.5 million to the survivors and families of the deceased. The Mine Safety and Health Administration additionally assessed a $10.8 million fine for 369 citations and orders, the largest fine for a mine accident in U.S. history.
The company as it exists today is the result of two mergers, one in July 2009 (Foundation Coal and Alpha Natural Resources, Inc.) and another January 31, 2011 (US$7.1 billion acquisition of Massey Energy). The takeover of Foundation Coal was a reverse takeover in that Foundation C

Kevin S Crutchfield Latest News

Kevin S. Crutchfield: Alpha restructuring for the future

CHARLESTON, W.Va. — A well-known phrase in coal communities, particularly during a down market, is that coal is cyclical. Several generations of miners have used these words to describe the highs and lows of our sector — as well as the sometimes vast ...
Posted: August 4, 2015, 5:00 pm

Contura Energy withdraws public stock option plan on NYSE

Contura officials said they expected coal markets to rebound thanks to President Trump’s deregulation efforts. But now a company statement says its stockholders determined that the capital market would under-value Contura. Contura CEO Kevin Crutchfield ...
Posted: August 10, 2017, 1:33 pm

Coal Miner Contura Pulls Plug on IPO, Citing Tepid Investor Base

Contura’s principal selling stockholders decided that the company ... the best course for our company or our stockholders," Contura Chief Executive Officer Kevin Crutchfield said in the statement. “We will continue to analyze all strategic options ...
Posted: August 10, 2017, 9:46 am

Coal company yanks IPO, blaming 'market conditions'

Contura also produces thermal coal, the type that's used in power plants. Thermal coal has come under enormous pressure from cheap natural gas. Still, thermal coal prices are above $90 per ton, which is also high for recent history. Kevin Crutchfield ...
Posted: August 10, 2017, 9:04 pm

Coeur Appoints Linda L. Adamany to Board of Directors; Kevin S. Crutchfield Nominated for Election t

COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Coeur d'Alene Mines Corporation (the "Company" or "Coeur") (NYS: CDE) (TSX: CDM) today announced that Linda L. Adamany has been appointed to the Company's Board of Directors as well as the Audit Committee and the ...
Posted: March 12, 2013, 9:20 am
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