Alpha Natural Resources Announced Earlier Research Paper

There is also concern that the Obama administration will introduce more environmental legislation (Ibid). The coal market is becoming more challenging. The rapid increase is crude oil prices in the first half of 2008 had sparked a boom in coal as a substitute product. However, with the speculative bubble in crude prices coming to an end, coal prices too have fallen, between 37-72% depending on location (Commodity Online, 2009). The strongest demand for coal is seen in China and India and although there has been an increase in seaborne coal trade (Reuters, 2009), this does not strongly affect the U.S. market. The increasing sophistication of the coal market, and the demand internationally, has lead to a need for ever-larger coal companies. Analysts have long predicted another round of consolidation in response to these environmental changes (Huber, 2009). The deal is viewed as strong strategically by analysts. The combined entity will have a large geographical footprint and will compete strongly in both the metallurgic and steam coal businesses (Ibid). The company expects to win cost savings of $45 million per year beginning in 2010 (Corridor, Inc., 2009)....

...

(2009). Alpha Natural Buying Foundation Coal for $1.4 billion. Associated Press. Retrieved May 20, 2009 from http://finance.yahoo.com/news/Alpha-Natural-buying-apf-15223235.html?.v=14
Financial information from MSN Moneycentral. Retrieved May 20, 2009 from http://moneycentral.msn.com/detail/stock_quote?Symbol=anr&getquote=Get+Quote and http://moneycentral.msn.com/detail/stock_quote?Symbol=fcl&getquote=Get+Quote

No author (2009). Foundation Coal to merger with Alpha Natural Resources in $2 billion Deal. Corridor Inc. Retrieved May 20, 2009 from http://www.corridorinc.com/content/view/901/172/

No author. (2009). The World's Top Coal Companies. Reuters. Retrieved May 20, 2009 from http://www.reuters.com/article/marketsNews/idUSLI62998020090519

No author. (2009). The Rise of Fall of Steam Coal. Commodity Online. Retrieved May 20, 2009 from http://www.commodityonline.com/news/The-rise-and-fall-of-steam-coal-17912-3-1.html

Sources Used in Documents:

Works Cited:

Huber, Tim. (2009). Alpha Natural Buying Foundation Coal for $1.4 billion. Associated Press. Retrieved May 20, 2009 from http://finance.yahoo.com/news/Alpha-Natural-buying-apf-15223235.html?.v=14

Financial information from MSN Moneycentral. Retrieved May 20, 2009 from http://moneycentral.msn.com/detail/stock_quote?Symbol=anr&getquote=Get+Quote and http://moneycentral.msn.com/detail/stock_quote?Symbol=fcl&getquote=Get+Quote

No author (2009). Foundation Coal to merger with Alpha Natural Resources in $2 billion Deal. Corridor Inc. Retrieved May 20, 2009 from http://www.corridorinc.com/content/view/901/172/

No author. (2009). The World's Top Coal Companies. Reuters. Retrieved May 20, 2009 from http://www.reuters.com/article/marketsNews/idUSLI62998020090519
No author. (2009). The Rise of Fall of Steam Coal. Commodity Online. Retrieved May 20, 2009 from http://www.commodityonline.com/news/The-rise-and-fall-of-steam-coal-17912-3-1.html


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