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Union rallies outside Patriot Coal over pension benefits

SCOTT DEPOT, W.Va. (AP) - Busloads of United Mine Workers of America miners and retirees roared in protest outside Patriot Coal headquarters Monday, as the bankrupt company looks to nix a union contract that includes pension contributions and health benefits. From a makeshift stage on the bed of a tow truck, UMWA President Cecil Roberts bellowed out to a camouflage-clad crowd of 1,500 to 1,800 ...
Source: The Associated Press | By: By JONATHAN MATTISE, Associated Press
One trader's very contrarian case to buy coal stocks

Coal stocks have plummeted this year, with the Dow Jones U.S. coal index (Dow Jones Global Indexes: .DJUSCL) falling to all-time lows this week. Alpha Natural Resources (: ANR) filed for bankruptcy on Monday , becoming the fourth large coal company to do so in two years. The sector took another hit when President Barack Obama announced his plan to cut carbon emissions from the power sector 32 ...
Source: CNBC.com | By: Stephanie Yang
UPDATE 3-Big U.S. coal miner Alpha Natural files for bankruptcy

Aug 3- Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014..
Source: Reuters | By: Tom Hals
UPDATE 1-Coal miner Alpha Natural files for bankruptcy protection

Aug 3- Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices. Walter Energy Inc and Patriot Coal Corp filed for bankruptcy protection earlier this year. The company and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in...
Source: Reuters