Alpha Natural Resources’ board of directors has approved a share repurchase program. The approval will enable the coal miner to buy back up to $600 million of its outstanding common shares. This is in addition to an existing $125 million repurchase plan approved in May 2010, of which about $17 million remains available for repurchases. The authorization will remain effective through Dec. 31, 2014.
Click here for the release from PR Newswire.