Posted in | News | Mining Business

AMFIRE Mining Divests Assets to Rosebud Mining

Reviewed

From Alpha Natural Resources, Inc.Dec 31 2014

Alpha Natural Resources, Inc. announced that its subsidiary AMFIRE Mining Company, LLC has completed the previously announced divestiture of substantially all of its assets to Rosebud Mining Company.

The transaction included total consideration of approximately $86 million, including $75 million in cash and the assumption of certain liabilities. The assets, which include ten mines and four preparation plants and loadouts, are located in Cambria, Centre, Clearfield, Elk, Greene, Indiana and Somerset counties, Pennsylvania.

Alpha Natural Resources affiliates continue to operate two mines in southwestern Pennsylvania that are not connected with the transaction, the Emerald and Cumberland mines near Waynesburg. More than 1,100 workers are employed by these Greene County operations.

Source:

http://www.alphanr.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

APA
Alpha Natural Resources, Inc.. (2019, February 17). AMFIRE Mining Divests Assets to Rosebud Mining. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=10911.
MLA
Alpha Natural Resources, Inc.. "AMFIRE Mining Divests Assets to Rosebud Mining". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=10911>.
Chicago
Alpha Natural Resources, Inc.. "AMFIRE Mining Divests Assets to Rosebud Mining". AZoMining. https://www.azomining.com/News.aspx?newsID=10911. (accessed November 21, 2024).
Harvard
Alpha Natural Resources, Inc.. 2019. AMFIRE Mining Divests Assets to Rosebud Mining. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=10911.