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Alpha Natural Resources, Inc. (NYSE:ANR), a leading U.S. coal producer, updated its full year 2011 shipment guidance to a range of 102.5 million tons to 109.5 million tons compared to the previous range of 104 million tons to 112 million tons. The decrease is primarily attributable to four factors: reduced metallurgical export shipments to Asia due to unexpectedly curtailed customer activity levels; a force majeure notice from an export metallurgical customer; lower than expected production from the Emerald longwall mine; and lower than expected production volumes from certain legacy Massey mines in Central Appalachia.
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(ANR, CSX, GIB, GBLHF) Notable Stock by Stock-PR.com
September 29th, 2011 at 11:22 am