Coal prices, now near a two-year low, came in “significantly below expectations” in the third quarter, Chief Executive Officer David Stetson said in a On top of lower coal prices, Contura reported higher production costs at mines where it makes the type of coal burned at power plants. It’s fallen 87% this year.Contura has “endured an incredibly tumultuous and unnerving 2019, marked by management changes, asset sale challenges, and most importantly, a significant deterioration in met coal market fundamentals,” Mark Levin, a coal analyst at The collapse of Contura, which declined to comment, reflects the broader struggles in America’s coal country. This is the Contura Energy company profile. Their philosophy is that we get more done by treating each other fairly and respectfully. U.S. miner Contura Energy Inc.’s $800 million bet on international coal markets is souring.The stock plunged by the most ever and was trading at a record low Friday. Contura Energy (NYSE: CTRA) is a Tennessee-based coal supplier with affiliate mining operations across major coal basins in Pennsylvania, Virginia and West Virginia. It's great. With customers across the globe, high-quality reserves and significant port capacity, Contura Energy reliably supplies both metallurgical coal to produce steel and thermal coal to generate power. The company blamed lower worker productivity due to vacations and the time needed to move around equipment for that.The company’s shares plunged 49% on Thursday. Glassdoor has 3 Contura Energy reviews submitted anonymously by Contura Energy employees. Contura said it expects production costs to … Are you sure you want to replace it?Are you sure you want to remove this review from being featured for targeted profile?Glassdoor has 3 Contura Energy reviews submitted anonymously by Contura Energy employees. At least four U.S. companies have shuttered mines since August and five have gone bankrupt this year.This is not the market that Bristol, Tennessee-based Contura had envisioned. Company cares about its employees and tries to compensate accordingly based on industry conditions. Your response will be removed from the review – this cannot be undone.This will replace the current featured review for targeted profile. The company’s shares plunged 49% on Thursday. Contura shares fall to record low after unexpected loss
Read employee reviews and ratings on Glassdoor to decide if Contura Energy is right for you.Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc.This corporation treats its employees with utmost respect and considers them the most valuable resource they have. I must give them 5 stars for this. U.S. power plants are burning less of the fuel as utilities shift to cheaper natural gas and renewable energy. While Contura Energy's low debt to EBITDA ratio of 0.91 suggests only modest use of debt, the fact that EBIT only covered the interest expense by 4.5 last year does give us pause. Prices for met coal “were significantly below expectations” I feel they are doing the best they can considering the coal sales market.Wonderful growth opportunities.
Glassdoor Glassdoor gives you an inside look at what it's like to work at Contura Energy, including salaries, reviews, office photos, and more. Glassdoor will not work properly unless browser cookie support is enabled. And the met coal export market that miners were depending on to weather this downturn at home is weakening.
They have kept several perks that are very much appreciated and they pay bonuses and provide benefits that we tend to take for granted. All content is posted anonymously by employees working at Contura Energy.
They watch out for us and we watch out for each other on the job. They are great.Due to a slump in the coal business, there is a slump in the pay scale. But prices may not prove high enough to generate significant cash flow for the miner, said Andrew Cosgrove, a mining analyst with They were down another 7.1% to $8.71 at 1:54 p.m. in New York.Contura said it expects production costs to come down next year and noted that much of its output for 2020 is already sold. Your trust is our top concern, so companies can't alter or remove reviews.I have been working at Contura Energy full-time for more than 10 yearsChoose a different language and keep reading other reviews. As for the talks, Knisell said the union “is optimistic we’ll reach a good contract with Contura Energy and have long-term employment at Cumberland Mine.” Contura was created in July 2016 as part of the bankruptcy reorganization of Alpha Natural Resources, the mine’s previous owner. They were down another 7.1% to $8.71 at 1:54 p.m. in New York. 401k match, healthcare, and bonus programs were all more than fair.It's a troubling time in the coal industry, so lots of uncertainty, but this is definitely the company to work for in tough times. Contura Announces Partial Draw Down of Revolving Credit Facility. Read employee reviews and ratings on Glassdoor to decide if Contura Energy is right for you. Safety is the only way to do a job or task.
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