Alpha Natural Resources and Massey Energy announced today that they are merging with Massey Energy.
Many coal companies such as Alpha Natural Resources and Peabody Energy Corporation are mulling over the fate of coal as consumption has continued to decline in the U.S.. Natural gas has undoubtedly given coal companies a run for their money since prices began to slide last year.
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BlackRock's decision to invest in Alpha had nothing to do with Rice Energy's relationship with the company, the spokeswoman says.
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We've been waiting with bated breath all afternoon to find out what NASA, MIT and the Department of Energy has observed with the Alpha Magnetic Spectrometer.
To avoid potential conflict, Mr. Rice agreed "to recuse himself from all decisions made by all Rice Energy entities" involving the Alpha joint venture, says the BlackRock spokeswoman.
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Alpha has trailed indexes of coal and other energy stocks by 30 to 70 percentage points over the past year.
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Alpha Natural Resources bought the operator, Massey Energy, after the disaster.
The Alpha experiment's main task is to study the energy levels within antihydrogen, to spot any differences between it and the hydrogen that physicists know to extraordinary precision.
Guinea's President Alpha Conde said there should be pan-African ministers for energy, infrastructure and trade.
Alpha Natural Resources was up 2.8% and Peabody Energy was up 1.8%.
The Alpha Magnetic Spectrometer was designed to search for dark matter by collecting high energy radiation known as cosmic rays, and then sort through it looking for a certain class of particle believed to be created after two bits of dark matter collide in space and destroy each other.
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Competitors include Alpha Natural Resources (ANR), Arch Coal (ACI) and Peabody Energy (BTU).
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