Thursday, May 19, 2022
HomeMiddle ColumnAnother coal giant files for bankruptcy

Another coal giant files for bankruptcy

-

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.

Read more: http://www.businessinsider.com/alpha-natural-files-for-bankruptcy-2015-8#ixzz3hmjaNmoG

- Advertisment -

Related Articles

Monash Professor: Eat Kangaroo to Prevent Climate Change

Greens offering a compromise? Instead of eating insects every day, on some days we can eat Kangaroo.

North America May See Natural Gas Prices Follow Global Ones – A Frightening Taste of The Agony Developing Countries Are Facing

They can show up quietly and more deadly in the form of shuttered businesses, unliveable utility bills, and soaring inflation for anything that relies...

Claim: For Wetland Plants, Sea-level Rise Stamps Out Benefits of Higher CO2

Beneficial effects of rising CO2 for plants disappear under flooding, 33-year field experiment reveals