Alpha Natural Resources Inc. completes sale of Amfire Mining Co. assets
Bristol-based Alpha Natural Resources Inc. has completed the sale the assets of Amfire Mining Co. LLC to Rosebud Mining Co. for $86 million.
The transaction included $75 million in cash and the assumption of certain liabilities. Rosebud Mining is based in Kittanning, Pa.
Amfire’s assets included 10 mines and four preparation plants and loadouts in seven Pennsylvania counties.
Alpha Natural Resources said its affiliates continue to operate two mines in southwestern Pennsylvania that are not connected with the deal — the Emerald and Cumberland mines near Waynesburg.
More than 1,100 workers are employed by these operations, the company said.
Alpha Natural Resources is one of the largest coal suppliers in the United States. Its affiliates have mining operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming.