Alpha sells Pa. coal subsidiary for $86m
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BRISTOL, Va. – Alpha Natural Resources has completed the sale of a Pennsylvania coal subsidiary to Rosebud Mining Company for $86 million.
In a news release Tuesday, Alpha announced the sale of Amfire Mining Company. The deal includes 10 mines and four preparation plants and loadouts in Greene, Cambria, Centre, Clearfield, Elk, Indiana and Somerset counties.
The transaction costs $75 million, plus certain liabilities.
Alpha will continue to operate Emerald and Cumberland mines in Greene County, which employ more than 1,100 workers between them.
Bristol, Va.-based Alpha runs coal operations in Pennsylvania, West Virginia, Virginia, Kentucky and Wyoming.
Rosebud Mining, based in Kittanning, has coal mines in Western Pennsylvania and eastern Ohio.