A Fresh Start for Alpha Natural (ANR) On Major Repositioning
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Alpha Natural (ANR) Lower as S&P Places Ratings on CreditWatch Negative
September 19, 2012 12:18 PM EDTAlpha Natural Resources (NYSE: ANR) may be cut by S&P, according to Bloomberg.
Shares are over 3 percent lower on the warning today.
The release follows:
Standard & Poor's Ratings Services today placed its ratings, including the 'BB-' corporate... More
Alpha Natural (ANR) Announces Restructuring; Sees Cost Savings of $150M
September 18, 2012 7:34 AM EDTAlpha Natural Resources (NYSE: ANR), a leading U.S.-based coal supplier, today outlined plans to reshape its portfolio of operations to meet the evolving demands of a changing global coal market.
By early 2013, the company will be fully aligned to focus on two key strategic priorities: enhancing Alpha's metallurgical coal leadership position in both the domestic and international markets; and establishing a durable core of cost-competitive thermal coal assets better suited to supply structurally shifting power markets in the United States and tap into new thermal markets overseas.
Rationalize higher-cost thermal... More
