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Banking After emerging from bankruptcy, Alpha Resources sells mine to Fort Worth firm

After emerging from bankruptcy, Alpha Resources sells mine to Fort Worth firm

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KINGSPORT, Tenn. (AP) — Coal producer Alpha Natural Resources has sold some of its eastern Kentucky coal property to a Texas company.

The company says it has divested most of the assets of its Enterprise mining operations to Kingdom Coal, a subsidiary of Keystone-Kingdom Resources LLC based in Fort Worth.

The sale includes the EMC #9A mine and the Roxana prep plant in Knott and Letcher counties. The EMC mine was the last operating coal mine in Knott County before it was idled in July.

Alpha Natural Resources CEO David Stetson says the transaction is part of the company’s plan to “divest non-strategic properties.”

The one-time coal giant emerged from Chapter 11 bankruptcy as a smaller, privately held company in July. It has 17 mines and seven preparation plants in West Virginia and Kentucky.

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