Alpha Natural Resources CEO Sees U.S. Coal Miners Dropping Off

Bloomberg reported that Alpha Natural Resources (NYSE:ANR) CEO Kevin Crutchfield stated that just two to four very large U.S. coal producers might outlast falling prices for coal.

As quoted in the publication:

Alpha and other U.S. coal producers are trying to cut costs amid the commodity’s worst decline in decades. Alpha idled three unprofitable West Virginia coal mines last week and plans to cut production at eight more in November or December. It will produce and sell 85 million tons of coal this year, down from 130 million in 2011, Crutchfield said.

Click here to read the full Bloomberg article.