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Alpha Natural Resources Completes Sale of Amfire Mining Assets to Rosebud Mining
12/31/2014 - Alpha Natural Resources Inc. announced that its subsidiary AMFIRE Mining Co. LLC has completed the previously announced divestiture of substantially all of its assets to Rosebud Mining Co.
The transaction included total consideration of approximately US$86 million, including US$75 million in cash and the assumption of certain liabilities. The assets, which include ten mines and four preparation plants and loadouts, are located in Cambria, Centre, Clearfield, Elk, Greene, Indiana and Somerset counties, Pa.
Alpha Natural Resources affiliates continue to operate two mines in southwestern Pennsylvania that are not connected with the transaction, the Emerald and Cumberland mines near Waynesburg. More than 1,100 workers are employed by these Greene County operations.
Alpha Natural Resources is one of the largest and most regionally diversified coal suppliers in the United States. With affiliate mining operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming, Alpha supplies metallurgical coal to the steel industry and thermal coal to generate power to customers on five continents. Consistent with its Running Right process, Alpha is committed to being a leader in mine safety and an environmental steward in the communities where its affiliates operate
Alpha Natural Resources affiliates continue to operate two mines in southwestern Pennsylvania that are not connected with the transaction, the Emerald and Cumberland mines near Waynesburg. More than 1,100 workers are employed by these Greene County operations.
Alpha Natural Resources is one of the largest and most regionally diversified coal suppliers in the United States. With affiliate mining operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming, Alpha supplies metallurgical coal to the steel industry and thermal coal to generate power to customers on five continents. Consistent with its Running Right process, Alpha is committed to being a leader in mine safety and an environmental steward in the communities where its affiliates operate
