Alpha Natural Resources Announces Completed Sale of Amfire Mining Assets to Rosebud Mining

 According to Yahoo Finance, Alpha Natural Resources, Inc. (ANR) announced that its subsidiary AMFIRE Mining Company, LLC has completed the previously announced divestiture of substantially all of its assets to Rosebud Mining Company.  The transaction included total consideration of approximately $86 million, including $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, Pennsylvania.

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.

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s