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Murray Energy expects more than 1,800 coal mine layoffs

CHARLESTON, W.Va.- Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...
Source: The Associated Press | By: By JONATHAN MATTISE, Associated Press
UPDATE 1-Alpha Natural posts bigger-than-expected adjusted loss

Alpha, which idled some of its mines in West Virginia earlier this year, said its revenue fell 24 percent to $842 million in the three months to March 31 as sales volumes dropped more than 11 percent. Peabody Energy Corp and Arch Coal Inc reported bigger-than-expected losses last week. Alpha cut its 2015 capital spending plan to $200 million- $250 million from $225...
Source: Reuters
Alpha Natural posts first profit in 13 quarters on $364 mln gain

April 30- U.S. coal miner Alpha Natural Resources Inc reported its first profit in 13 quarters, helped by a $364 million gain on early debt repayment. The company posted net income of $68.2 million, or 30 cents per share, in the first quarter ended March 31, compared with a loss of $55.7 million, or 25 cents per share, a year earlier. Revenue fell 24 percent to $842 million...
Source: Reuters