U.S. Coal Continues to Suffer
GALWAY, IRELAND--February 9, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The U.S. coal sector continues to suffer following the idling of coal mines in West Virginia by Alpha Natural Resources Incorporated (NYSE:ANR) (Bristol, Virginia) and weak year-end results by Peabody Energy Corporation (NYSE:BTU) (St. Louis, Missouri).
Alpha announced the idling at Highland Mining's Superior, North, and Trace Fork surface mines and a reduction in workforce at its Reylas and Freeze Fork surface mines.
