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>>

  • New criminals added to APB list

    New criminals added to APB list

    (WVVA)- Three new wanted fugitives have been added to our All Points Bulletin list- including a man wanted for first degree murder...More >>
    (WVVA)- Three new wanted fugitives have been added to our All Points Bulletin list- including a man wanted for first degree murder...More >>
  • Database aids area fight against meth

    Database aids area fight against meth

    BLUEFIELD (WVVA) - Law enforcement officials gathered in Bluefield Tuesday to learn more about a national database used to fight meth crime.They're talking about NPLEx...More >>
    BLUEFIELD (WVVA) - Law enforcement officials gathered in Bluefield Tuesday to learn more about a national database used to fight meth crime.They're talking about NPLEx...More >>
  • Three-judge panel denies request to remove magistrate

    Three-judge panel denies request to remove magistrate

    Welch, W. Va. (WVVA) - The petition to remove McDowell County Magistrate Steve Cox has been denied...More >>
    Welch, W. Va. (WVVA) - The petition to remove McDowell County Magistrate Steve Cox has been denied...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.