1.  Alpha Natural Resources has reduced even more coal manufacturing after publishing a $70.2 million net loss in November as it proceeds reorganizing through Phase 11 personal bankruptcy.
2.  In court files filed Friday, the Bristol, Virginia-based producer reported $175 million in coal earnings for November, with operating losses of $70.7 million.
3.  In October, the firm reported $184.8 million in coal profits, with operating losses of $58.7 million.
4.  Year to date, Alpha reported $2.43 billion in coal revenues, $1.29 billion in operating losses and a bottom line of $1.4 billion.
5.  Alpha, which applied for Phase 11 defense in August, is likewise cutting extra Central Appalachian coal production. The company had reduced its CAPP operation in advance of filing for insolvency and also on Friday gave up workers at 5 thermal as well as metallurgical coal mines in West Virginia and Virginia.
6.  In West Virginia, 66 employees were laid off at Marfork Coal's Slip Ridge and also Ellis Eagle mines in Raleigh Area, and 72 employees lost work at Elk Run Coal's Seng Creek as well as Shonk mines in Boone County.
7.  Alpha claimed an area at each mine will be closed, yet manufacturing will certainly continue at a reduced price.
8.  The Seng Creek and Shonk mines produce metallurgical coal, while Slip Ridge as well as Ellis Eagle produce high-vol A coal mostly made use of as a thermal blender, the company stated.
9.  According to Mine Safety and also Health and wellness Management information, Seng Creek and Shonk created a mixed 832,208 st via 3 quarters this year and 979,068 in all of 2014, and also Slip Ridge and also Ellis Eagle produced a combined 630,818 st through three quarters this year as well as 957,780 st in all of 2014.
10.  Alpha on Friday additionally laid off 35 workers at Knox Creek's Tiller No. 1 thermal mine in Tazewell Region, Virginia, and idled production. The company in September provided a WARN notice ahead of the expected idling.
11.  Tiller created 342,187 st with three quarters this year and 551,400 st in all of 2014.
12.  https://diigo.com/0i4nyo is one 34 possessions Alpha is currently looking to offer during its Chapter 11 reconstruction. The business has actually set a bidding deadline for its assets of January 20, with a public auction day, if essential, of January 27.
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