By MELODIE WARNER June 8, 2012, 10:35 a.m. ET
Alpha Natural Resources Inc. plans to reduce coal output at its Kentucky mines and eliminate about 150 jobs, citing continued market pressures and new regulations on coal-fired power plants that make production from the area uneconomic.
The coal producer said it will discontinue mining at four mines and idle two coal-preparation plants in Pike and Martin counties. The company will also scale back production at several other mines and close four contract mines.
Alpha Natural has about 14,500 employees. Of the 436 workers affected, the company said 286 will be offered other positions.
The production cuts will reduce Alpha's shipments of thermal coal by an additional two million tons this year and four million tons in 2013.
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