Coal producer Contura Energy Inc. has decided to change its name, effective February 1, to Alpha Metallurgical Resources Inc. The company has been shifting its focus away from thermal coal to the metallurgical coal side of the business. It recently divested its Cumberland mine in Pennsylvania to mark its exit from the thermal side.
The company expects its common stock, currently traded on the New York Stock Exchange under the CTRA ticker symbol, to begin trading under its new ticker symbol, AMR, on February 4.
The company said the new name is an acknowledgment of the company’s rich history and a commitment to a fresh, bold vision for the future. Contura merged with Alpha Natural Resources back in November 2018.
“Over a year ago, we outlined our vision to make Contura a premier metallurgical coal producer,” Chairman and CEO David Stetson said. “Thanks to the transformative work of our team over the last several months, that vision has become a reality.
“Bringing back the Alpha name is not only meaningful to us and our history, but it also serves as an outward display to external stakeholders of the sharpened focus we have on metallurgical coal.”
The company is based in Tennessee and has mining complexes in Virginia and West Virginia.