Powder River Basin patience: It's paying off for Alpha Natural Resources come 2013

摘要

Where Powder River Basin coal pricing going forward is concerned, patience has paid off for Alpha Natural Resources. The Alpha sales team has contracted 75 percent of PRB coal for 2013 at $12.90/ton, a number superior to the forward curve for next year. Asked at the Goldman Sachs Global Metals & Mining/Steel Conference how Alpha has achieved such a good price, Vice President of Investor Relations Todd Allen said the company chose to avoid selling at pricing available in today's market because it is below production costs.