Alliance Prospers Despite Domestic Challenges
Alliance Resource Partners, a U.S. steam
coal operator, continued to set production
records for a 12th consecutive year in
2012, with 34.8 million tons of coal, amid
a challenging period for the U.S. industry.
This year witnessed a 13.2% increase from
2011, while surpassing $2 billion in total
revenue for the first time. Net income fell
to $335.6 million from $389.4 million,
however, owing to startup and infrastruc-ture costs at operations in Pennsylvania,
West Virginia and Western Kentucky.
Alliance CEO Joseph Craft hailed the per-formance as “truly remarkable considering
the challenges in 2012,” pointing to low
natural gas prices, a mild winter and fast-evolving Environmental Protection Agency
regulations targeting the sector.
As featured in Womp 2013 Vol 02 - www.womp-int.com