KINGSPORT, Tenn., Oct. 13, 2016 /PRNewswire/ -- Alpha Natural
Resources Holdings, Inc. and ANR, Inc., along with their affiliate
Enterprise Mining Corporation, LLC, announce the divestment of
substantially all of the assets of the Enterprise mining operations
in eastern Kentucky to Kingdom
Coal, a subsidiary of Keystone-Kingdom Resources, based in
Fort Worth, Texas.
The sale includes the EMC #9A mine and the Roxana preparation
plant in Knott/Letcher County, Kentucky. EMC #9A produced
393,000 tons of thermal coal for power generation in the first half
of 2016; the operation was idled in July.
ANR CEO David Stetson said, "With
the sale of the Enterprise mining complex to Kingdom Coal we have
commenced the implementation of our strategy to divest
non-strategic properties. As we review divestitures of properties,
identification of third parties that will retain our team members
and resume operations is paramount. In this case, we were
pleased that Kingdom Coal has indicated a desire to restart the
Enterprise mines and retain many of our team members."
Stetson did not rule out the possibility of other non-strategic
assets being divested. Terms of the transaction were not
released.
About Alpha Natural Resources Holdings, Inc. and ANR,
Inc.
Alpha Natural Resources Holdings, Inc. and ANR, Inc.
have affiliate mining operations in West
Virginia and Kentucky, and
supplies metallurgical coal to the steel industry and thermal coal
to generate power. ANR has offices in Kingsport, Tennessee, and Julian, West Virginia, which support 17 active
mining operations. ANR is committed to being a leader in mine
safety and an environmental steward in the communities where its
affiliates operate. For more information, visit ANR's website
(www.alphanr.com).
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/alpha-natural-resources-affiliate-announces-completed-sale-of-mining-assets-in-eastern-kentucky-300344440.html
SOURCE Alpha Natural Resources