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Alpha could sell Wyoming properties in bankruptcy dealings

Alpha could sell Wyoming properties in bankruptcy dealings

Facing $7 billion in debt, and having already filed for bankruptcy, Alpha Natural Resources revealed this week it is offering $500 million in assets nationwide for sale, including large Wyoming properties. The potential sale includes the Eagle Butte and Belle Ayr coal mines of the Powder River Basin. Proceeds from the sale would be required to pay off Alpha's lenders. Any bid winners would be required to take on any debt associated with the assets. Deadlines for bids is toward the end of March. *Feature photo abutyrin/Shutterstock / Pitchengine Communities* #county17 #bootstrapped #news