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Alpha subsidiary opening London office

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  • Many WV coal counties losing revenue

    Many WV coal counties losing revenue

    Monday, August 8 2016 10:15 AM EDT2016-08-08 14:15:05 GMT

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

BRISTOL, Va. (AP) -

Coal supplier Alpha Natural Resources Inc. says a subsidiary is opening a sales office in London.

Alpha Chief Commercial Officer Brian Sullivan said Thursday, Feb. 6 the office that subsidiary Alpha Coal Sales International Ltd. will open will sell Central Appalachian coal to customers throughout Europe.

Exports account for about 40 percent of Alpha's revenues, and Sullivan says the move will help the company optimize business and build value for shareholders.

Shares of Bristol, Va.-based Alpha Natural Resources closed 6 cents higher Thursday at $5.15 on the New York Stock Exchange.

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