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Alpha Natural Resources survival in doubt after huge shortfall disclosed: Regulator

Alpha Natural Resources

Three months after exiting Chapter 11 bankruptcy, Alpha Natural Resources revealed a $100 million shortfall in a court filing. Company photo.

Alpha Natural Resources accused of concealing liabilities

By Tom Hals

West Virginia’s environmental regulator blasted coal mine operator Alpha Natural Resources Inc in a court filing on Tuesday for revealing a $100 million shortfall just three months after exiting Chapter 11 bankruptcy in July.

The West Virginia Department of Environmental Protection alleged that Alpha executives concealed liabilities until the bankrupt company got court approval for its plan of reorganization. The DEP said it now doubted the company’s survival.

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