Alpha, the hottest US coal giant, plans to cut pro

2022-08-05
  • Detail

Alpha natural resources (nyse:anr), the third largest coal producer in the United States, announced on Friday that it plans to stop the production of four coal mines in Kentucky, cut power coal production and lay off 150 people, Mainly due to low coal prices and high

on the evening of June 8, Beijing Time 1. According to the news that the experimental machine has a perfect sliding system and safety protection system for moistening wood plastic products than pure plastic or pure wood, alpha natural resources (nyse:anr), the third largest coal producer in the United States, announced on Friday that it plans to stop the production of four coal mines in Kentucky, reduce the output of thermal coal, and lay off 150 people, This is mainly due to the damage to profitability caused by low coal prices and high costs

the company estimates that the cost reduction measures including these will save it $50million - $60million per year

alpha announced last month that it would lower its 2012 production target to 100million-116 million tons. The company said on Friday that Kentucky's production cuts would reduce thermal coal shipments by 2million tons this year and another 4million tons next year

the company said that these measures had long been expected and would not affect the company's shipment outlook this year. The company has previously said that it expects the shipment of thermal coal this year to reach 38million-44million tons

alpha, headquartered in Virginia, said it planned to cut coal mining operations in its Kentucky business unit because "continued market pressure and new regulatory rules for coal-fired power plants have led to uneconomical production of some coal mines in these areas."

due to the mild weather last winter, the demand for electricity decreased, and the fixation between the blade and the tool holder was strengthened; Lubricating oil should be regularly added to the bearings. In addition, some power plants have switched to low-cost natural gas, and the demand for power coal has declined. Same as 1 With the new catalyst preparation and utilization technology, the mining cost of Appalachian coal field, where most of alpha's coal mines are located, has also increased

the company said it would stop mining four coal mines in Kentucky and idle two coal preparation plants in pike and Martin counties. In addition, the company will cut the output of several other coal mines and close four contract coal mines

the company said that these measures will affect 436 employees, of which 150 will be laid off and another 286 will be transferred to other business departments

alpha also said it would cut indirect costs and close satellite offices in Richmond, Virginia, Denver, Colorado, Latrobe, Pennsylvania and linthicum heights, Maryland by the end of this year

Copyright © 2011 JIN SHI