04Aug

Coal Miner Alpha Natural To Seek Bankruptcy Protection

Alpha Natural Resources, the second-largest U.S. coal company, filed for Chapter 11 bankruptcy protection as the ailing coal industry got another black mark on Monday.

Reflecting the latest move, Alpha shares dropped more than a cent to 3 1/2 cents in over-the-counter trading Tuesday.


As Alpha Natural Resources files bankruptcy protection, coal industry fights for survival
When the industry’s outlook was rosier, Alpha Natural Resources and . . .

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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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