KINGSPORT, TN (WJHL) – Alpha Natural Resources Holdings, INC and ANR along with Enterprise Mining Corp say they have divested “substantially all of the assets of the Enterprise mining operations in eastern Kentucky to Kingdom Coal”.
Kingdom Coal is a subsidiary of Keystone-Kingdom Resources, based in Fort Worth, Texas.
Alpha says the sale included EMC’s #9A mine and the Roxana preparation plant in Letcher County, KY.
According to Alpha, that mining site produced 393,000 tons of thermal coal for power generation in the first half of 2016; the operation was idled in July.
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.”
It’s not known at this time if any other “non-strategic” assets will be divested, but Stetson did not rule out the possibility.
Back in July, Alpha announced it has successfully emerged from Chapter 11 bankruptcy protection.
Alpha currently supports 17 active mining operations.