ANR CEO David Stetson said, "With the sale of the Enterprise mining complex to Kingdom Coal we have commenced the implementation of our strategy to divest non-strategic properties. As we review divestitures of properties, identification of third parties that will retain our team members and resume operations is paramount. In this case, we were pleased that Kingdom Coal has indicated a desire to restart the Enterprise mines and retain many of our team members."
Stetson did not rule out the possibility of other non-strategic assets being divested. Terms of the transaction were not released.
About Alpha Natural Resources Holdings, Inc. and ANR, Inc.
Alpha Natural Resources Holdings, Inc. and ANR, Inc. have affiliate mining operations in West Virginia and Kentucky, and supplies metallurgical coal to the steel industry and thermal coal to generate power. ANR has offices in Kingsport, Tennessee, and Julian, West Virginia, which support 17 active mining operations. ANR is committed to being a leader in mine safety and an environmental steward in the communities where its affiliates operate. For more information, visit ANR's website (www.alphanr.com).
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SOURCE Alpha Natural Resources