CONSOL Energy Pays to Exit CAPP

CONSOL Energy will pay Booth Energy a total of $44 million to take over its Miller Creek mining complex and Fola Mining complex subsidiaries in West Virginia. The Miller Creek complex has an active surface mining operation and prep plant, which produced 2.1 million tons in 2015, according to the Mine Safety and Health Administration (MSHA), and two underground mines, which are listed as temporarily idle. The Fola Mining complex is a closed surface mining operation with two idled processing facilities.

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Contura Completes Acquisition, Alpha Names Stetson CEO

Contura Energy completed the previously announced acquisition of several core assets from Alpha Natural Resources (ANR), which was a key step for Alpha to emerge from Chapter 11 bankruptcy. Contura will be a private, Tennessee-based company with affiliate mining operations across multiple major coal basins in Pennsylvania, Virginia, West Virginia and Wyoming. It also purchased Alpha’s interest in the Dominion Terminal Associates coal export terminal in eastern Virginia.

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Foxleigh Mine Sale Completed

After seeking a buyer for more than a year, Anglo American has completed its sale of its interest in the Foxleigh complex in the Bowen Basin region of Queensland, Australia, to a group led by Taurus Fund Management. The deal with the consortium was first inked as a sale and purchase agreement in early April. No financial or other related details were released.

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Contura Acquires Alpha’s Core Assets

Contura Energy completed the previously announced acquisition of several core assets from Alpha Natural Resources (ANR), which was a key step for Alpha to emerge from Chapter 11 bankruptcy. Contura will be a private, Tennessee-based company with affiliate mining operations across multiple major coal basins in Pennsylvania, Virginia, West Virginia and Wyoming. It also purchased Alpha’s interest in the Dominion Terminal Associates coal export terminal in eastern Virginia. Contura will be led by former Alpha CEO Kevin Crutchfield and it will have a workforce of more than 2,200 former Alpha employees.

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