Posted on 08/03/2015 9:30:43 AM PDT by rktman
Alpha Natural Resources has filed for Chapter 11 bankruptcy.
On Monday, a statement from the company said: "The Board of Directors of Alpha Natural Resources authorized the filing of the Chapter 11 cases to enhance the company's future as it weathers a historically challenged coal market."
"The relief provided by Chapter 11 will allow the company to reorganize and emerge as a financially viable business that is better positioned to compete in dynamic energy markets."
Bloomberg reported last Thursday the company had been planning to file today.
The coal industry is in turmoil. Demand for natural gas is surging, and coal has become a less-preferred fuel. That has spelt trouble for several coal miners.
Patriot Coal and Walter Energy have also filed for bankruptcy within the last two years.
(Excerpt) Read more at businessinsider.com ...
The lunatics in the EPA are costing us more money in every way possible.
They are scum.
Thanks Nixon...
I hope those democrat mine working union members enjoy the vacation
schadenfreude, b#$ches..
Mine Workers Union Backs Tennant in W.Va. Senate Race
Read more: http://www.realclearpolitics.com/articles/2014/09/02/mine_workers_union_backs_tennant_in_wva_senate_race_123831.html#ixzz3hmEafm1Q
Follow us: @RCP_Articles on Twitter
First of all who the hell reads the article on FR????
Second of all why are so many of you supporting the dang global warming hack???
Global Warming on Free Republic here, here and here
Amen
Has to be a bunch of bunk; the economy is booming; how do I know? The Obamassiah tells me so!
BANKRUPTCY
August 2 , 2015
Alpha Natural Resources Inc - Expect Chapter 11
LAYOFFS
August Announced U.S. Layoff Total (Est.) - 1,520
August 3 , 2015
National Oilwell Varco / Cal Dive International - 276
Kennedy Space Center - 172 Possible Layoffs
Univita of Florida / 3 related companies - 1,002
CLOSING
August Announced U.S. Closing Total (Est.) - 7
August 3 , 2015
The Beachcomber in MA
Target store at 9070 Dixie Highway in Southwestern Louisville
Cochise Regional Hospital in Douglas may close?
Update: The Value City Furniture, 4901 Fenton Road in Flint MI
>>is Cecil the Lion still dead? How will this effect his cubs?<<
CNN/Gawker told us that his brother is also a lion, but what about the cubs; are they lions, too?
“CNN reports that, according to a senior park official, Cecil the lion’s brother Jericho, who is also a lion, was killed on Saturday...” http://gawker.com/cnn-cecil-the-lions-brother-jericho-has-been-killed-1721525978
Hahahaha. Lucky I beat those folks at KSC by 4 years. Woo Hoo! Lay off date-— 8/26/2011
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