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Mineweb reported that Alpha Natural Resource Inc. (NYSE:ANR) has idled the Virginia-based, underground Laurel Mountain mine, which produced metallurgical coal.
Mineweb reported that Alpha Natural Resource Inc. (NYSE:ANR) has idled the Virginia-based, underground Laurel Mountain mine, which produced metallurgical coal.
As quoted in the market news:
The cost of mining at Laurel Mountain was ‘unsustainable relative to the market price’ for coal, Ted Pile, a spokesman for Bristol, Virginia-based Alpha, said today in an e-mail. The move is ‘a continuation of adjusting our mining assets to the realities of the marketplace,’ he said.
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