Alpha Natural Resources Inc. (ANR)

Alpha Natural Resources, Inc. produces, processes, and sells steam and metallurgical coal in the United States. It also involves in the purchase and resale of coal mined by others. The company’s steam coal is used as fuel for electricity generation; and metallurgical coal is used to make coke, a key component in the steel making process. As of December 31, 2007, it owned or leased total proven and probable coal reserves of approximately 617.5 million tons. As of the above date, the company had 8 regional business units that were supported by 32 active underground mines, 26 active surface mines, and 11 preparation plants located in Virginia, West Virginia, Kentucky, and Pennsylvania, as well as a road construction business in West Virginia that recovers coal. The company was founded in 2002 and is based in Abingdon, Virginia.

For the nine months ended 30 September 2006, Alpha Natural Resources, Inc.'s revenues increased 29% to $1.45B. Net income from continuing operations totaled $64.9M, up from $9M. Revenues reflect an increase in coal revenue, increased freight and handling revenue and increase in other revenues. Net income also reflects decreased selling, general and administration expense and increased miscellaneous income.