Alpha Natural Resources files for bankruptcy
No. 3 coal miner in the US, Alpha Natural Resources, has filed for bankruptcy at a court in Richmond, Virginia.
No. 3 coal miner in the US, Alpha Natural Resources, has filed for bankruptcy at a court in Richmond, Virginia.
Arch Coal has reported a loss of US$168 million in 2Q15 and expects coal consumption to drop 80 million short t in 2015.
Rhino Resources lost US$8.1 million in 2Q15 as low coal prices, poor rail service at Hopedale mine and low productivity at Pennyrile hit the bottom line.