Court approves Alpha Natural Resources bankruptcy planStaff Writer | July 8, 2016
Coal producer Alpha Natural Resources eceived court approval for a bankruptcy plan which includes the sale of certain core assets to lenders and outlines how to pay for cleanup of mines.
Energy Contura will provide Alpha with a $35 million credit line
Contura will also provide Alpha with a $35 million credit line and will contribute up to $100 million to help Alpha's ongoing reclamation activities.
Bristol, Virginia-based Alpha Natural Resources, once one of the nation's biggest coal producers, filed for Chapter 11 last August. ■