Alpha Natural posts bigger loss due to low coal prices

Wed Feb 12, 2014 7:11am EST

Feb 12 (Reuters) - U.S. coal miner Alpha Natural Resources reported a bigger fourth-quarter loss, hurt by weak coal prices and a fall in shipments.

Net loss widened to $359 million, or $1.62 per share, in the quarter ended Dec. 31, from $127.6 million, or 58 cents per share, a year earlier.

Total revenue slid 30 percent to $1.1 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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