Alpha Natural Resources Stocks List
|2019-09-20||CTRA||50 DMA Resistance||Bearish|
|2019-09-20||CTRA||MACD Bearish Centerline Cross||Bearish|
|2019-09-20||CTRA||180 Bearish Setup||Bearish Swing Setup|
|2019-09-20||METC||Stochastic Reached Oversold||Weakness|
|2019-09-20||METC||MACD Bearish Centerline Cross||Bearish|
Alpha Natural Resources was a large American producer of metallurgical coal ("met coal") for the industrial production of steel and iron and low-sulfur thermal coal ("steam coal") to fuel steam boilers for the production of electrical power. In November, 2018 the company was acquired by Contura Energy. The company also provides industry services relating to equipment repairs, road construction and logistics, with domestic operations and coal reserves within the states of Virginia, West Virginia, Kentucky, Wyoming, Utah, Illinois, Tennessee, and Pennsylvania. Alpha Natural Resources does not produce all of the coal it sells; much of the coal sold by Alpha Natural Resources is purchased from independent mining operations and then resold in the worldwide market.
The 2009 takeover of Foundation Coal provided Alpha Natural Resources with the ability to directly access the Cumberland Mine Railroad and to rail transport coal in Pennsylvania.
In 2014, Alpha Natural Resources settled on a $27.5 million fine and $200 million to reduce illegal toxic discharges into hundreds of waterways across five Appalachian states. According to the EPA it was the largest environmental fine ever made against a coal company: "This is the largest one, period. It's the biggest case for permit violations for numbers of violations and size of the penalty, which reflects the seriousness of violations."