Deals
Alpha Sees as Few as 2 Large U.S. Coal Miners After Slump
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There may be only two to four “really, really” large U.S. coal producers left in the future as the industry shrinks amid moribund demand and falling prices, Alpha Natural Resources Inc. Chief Executive Officer Kevin Crutchfield said.
“How long that takes is obviously the bazillion-dollar question, but I think that’ll happen for sure,” Crutchfield, who’s also Alpha’s chairman, said in an interview yesterday at Bloomberg headquarters in New York. The Bristol, Virginia-based company is the largest U.S. coal producer after Peabody Energy Corp. by sales.