Insight
Alpha Natural Resources emerges from bankruptcy as two companies
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Alpha Natural Resources exited bankruptcy on 27 July 2016, after operating for nearly one year under Chapter 11. The properties were divided into two new companies: Contura Energy and Alpha Natural Resources. Contura Energy is a new company formed by Alpha’s first lien lenders and will own and operate the two large PRB mines, the Cumberland longwall mine in Pennsylvania, two metallurgical coal operations in Virginia (Toms Creek and McClure) and the Nicholas metallurgical coal mine in West Virginia. Alpha will retain the remaining operations. In this insight, we look through the mines, qualities and outlook for production.
Table of contents
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Executive summary
- Alpha – Contura mine control after bankruptcy emergence
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Metallurgical coal complex distribution and quality
- Metallurgical coal properties - production run rate
- Volatile content for Alpha’s and Contura’s metallurgical coal mines (%)
- Thermal coal complex distribution
- The future level of cost reductions will be critical
Tables and charts
This report includes the following images and tables:
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Alpha - Contura map of coal propertiesAlpha Natural Resources emerges from bankruptcy as two companies: Table 1Alpha Natural Resources emerges from bankruptcy as two companies: Image 2Alpha Natural Resources emerges from bankruptcy as two companies: Image 3
What's included
This report contains:
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