New Giant Coal Mine Exploration Company After Merger Cleveland-Cliffs Inc.-Alpha Natural Resources

There’s a new coal mining giant in Appalachia.
Cleveland-Cliffs Inc., the largest producer of iron ore pellets in North America and a major supplier of metallurgical coal, announced it is buying coal producer Alpha Natural Resources in a deal valued at $10 billion.
Cleveland-Cliffs is headquartered in Cleveland, Ohio. The company operates six iron ore mines in [...]

Read more