06 February 2014

Alpha Natural Resources Subsidiary to Open Office in London, UK

Bristol, Va. - 06 February 2014 - Alpha Natural Resources, Inc., a leading U.S. coal supplier, announced that its subsidiary Alpha Coal Sales International Limited will open a London office. The subsidiary has named Nick Ingham as vice president of international hedging, sales and marketing to head its London office.

"Our intent is to build an export platform for U.S. thermal coal that has long-term potential," said Alpha's Chief Commercial Officer Brian Sullivan. "This is another step in moving us further down the value chain as we continue our model of direct customer contact. Having an office in London - the financial center for coal globally - enhances customer support by putting us closer to the market. It also demonstrates Alpha's commitment to supplying the broadest portfolio of high quality Central Appalachian (CAPP) coals to customers across the continent and complements our well-established sales efforts in metallurgical coal."

"We have an excellent opportunity to broaden our product portfolio with thermal coal customers in Europe, where we've seen increasingly greater recognition of CAPP thermal coal qualities over the past several years," said Sullivan. "Being closer to the end users of coal enhances our European platform and gives us greater visibility into the important API 2 export market. Exports account for about 40 percent of Alpha's revenues, so this is a critical component in the company's strategy of continuously optimizing our business and building value for shareholders."

Alpha Natural Resources is one of the largest and most regionally diversified coal suppliers in the United States. With affiliate mining operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming, Alpha supplies metallurgical coal to the steel industry and thermal coal to generate power to customers on five continents. 

Source: Alpha Natural Resources