Alpha Natural cuts forecast for coal shipments - WVVA TV Bluefield Beckley WV News, Weather and Sports

Alpha Natural cuts forecast for coal shipments

Posted:
  • More Local NewsMore Local NewsMore>>

  • UPDATE: Rail line reopens, derailment cleanup continues

    UPDATE: Rail line reopens, derailment cleanup continues

    ROCK (WVVA) - Crews were at the site of a train derailment in a remote area of Mercer County Wednesday. The derailment occurred Tuesday night in the Rock area -- near Montcalm -- across from Route 71..More >>
    ROCK (WVVA) - Crews were at the site of a train derailment in a remote area of Mercer County Wednesday. The derailment occurred Tuesday night in the Rock area -- near Montcalm -- across from Route 71.. More >>
  • Theatre W.Va. to return for 54th season

    Theatre W.Va. to return for 54th season

    BECKLEY, W.Va. (AP) -- Theatre West Virginia is preparing to return for its 54th season following a shutdown caused by financial problems.The Register-Herald reports that Theatre West Virginia has scheduled 17 performances of "Hatfields and McCoys" this season...More >>
    BECKLEY, W.Va. (AP) -- Theatre West Virginia is preparing to return for its 54th season following a shutdown caused by financial problems.The Register-Herald reports that Theatre West Virginia has scheduled 17 performances of "Hatfields and McCoys" this season...More >>
  • Woman guilty of four charges after running over employee

    Woman guilty of four charges after running over employee

    MERCER CO. (WVVA) - Dustie Beller was on trial for running over a woman with her car all for chainsaw. While she was found not guilty of attempted murder, the jury did find her guilty of petty larceny, conspiracy, failure to stop and render aid, and malicious wounding. The victim had this to say about the verdict. "Um very happy,” Mackenzie Ansley said. “To be expected -- the attempted murder charge. I knew coming into it, it was an iffy charge. And I'll take four out of five. And I'm happy w...More >>
    MERCER CO. (WVVA) - Dustie Beller was on trial for running over a woman with her car all for chainsaw. While she was found not guilty of attempted murder, the jury did find her guilty of petty larceny, conspiracy, failure to stop and render aid, and malicious wounding. The victim had this to say about the verdict. "Um very happy,” Mackenzie Ansley said. “To be expected -- the attempted murder charge. I knew coming into it, it was an iffy charge. And I'll take four out of five. And I'm happy w...More >>

Alpha Natural Resources Inc. says that it will ship less coal this year than previously estimated because of an unexpected drop in demand from Asia and production shortfalls at some U.S. mines.

Shares dropped $2.49, or 9.3 percent, to $24.43 in premarket trading.

Alpha now expects to ship between 102.5 million and 109.5 million tons this year, down from a previous estimate of between 104 million and 112 million tons.

The Abingdon, Va. coal miner said shipments to Asia of metallurgical coal, which is used in steel-making, are falling because of "unexpectedly curtailed customer activity levels." Overall shipments of metallurgical coal from eastern mines are going to be 500,000 tons below previous expectations, Alpha says.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVVA.
All Rights Reserved. For more information on this site, please read our Privacy Policy, Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Audrey Sluss at (304) 324-0659. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.