Folks, these are exciting times we are living in. The news in the coal industry is all of the mergers and acquisitions that are taking place. The merger that is taking the spotlight now is the merger/acquisition of Massey Energy. Massey has had some major set backs in the last couple of years. It seems the UBB accident of last year was the proverbially nail in the coffin for Massey. I hope with the takeover Alpha will bring a breath of fresh air to the mining industry in Central Appalachia. In late 2010 Cliffs Natural resources took control of INR's Logan County operations. With this acquisition Cliffs will increase their annual out put of high grade Central Appalachia metallurgical coal.
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