Contura Announces Appointment of New Board Members

BRISTOL, Tenn., September 11, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced the appointment of Anthony Orlando and Michael Ward as new independent members of its Board of Directors. With these appointments, Contura’s board was expanded from 4 to 6 directors, effective September 7, 2017.

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Contura Announces Second Quarter and Year-to-Date Results

BRISTOL, Tenn., August 28, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the second quarter and year-to-date through June 30, 2017.

Highlights include:

• Net Income of $13 million for the second quarter and $48 million for the year-to-date period
• Adjusted EBITDA of $65 million for the second quarter and $194 million year-to-date
• The company paid $100.7 million in special dividend and equivalents in mid-July
• Contura withdrew IPO on August 10 due to capital market conditions

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Contura Withdraws Initial Public Offering Due to Capital Market Conditions

BRISTOL, Tenn., August 10, 2017 – Contura Energy, Inc. today announced that it has withdrawn the initial public offering of its shares of common stock due to capital market conditions.

The company’s principal selling stockholders unanimously determined that proceeding with the offering under current market conditions would undervalue the company. Accordingly, the company has withdrawn its registration statement on file with the U.S. Securities and Exchange Commission (SEC).

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Contura Announces Launch of Initial Public Offering

BRISTOL, Tenn., July 31, 2017 – Contura Energy, Inc. today announced that it has launched a proposed initial public offering of 6,000,000 shares of its common stock at an anticipated initial offering price between $23.00 and $27.00 per share (after taking into account a stock split to be effected immediately prior to and contingent upon the completion of the proposed offering, pursuant to which each share of common stock held of record by the holder thereof will be reclassified into 2.82 shares of common stock), pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). All of the shares of common stock are being offered by the selling stockholders named in the registration statement. In addition, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of common stock. The shares are expected to trade on the New York Stock Exchange (NYSE) under the symbol “CTRA.”

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Contura Announces Final Per-Share Amount of Special Cash Dividend

BRISTOL, Tenn., July 7, 2017 – Contura Energy, Inc. today announced that the final, per-share amount of the previously announced special cash dividend will be $8.997 per eligible share.

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Contura Announces Special Cash Dividend

BRISTOL, Tenn., June 19, 2017 – Contura Energy, Inc. today announced that its Board of Directors has authorized and declared a special cash dividend of approximately $92.8 million in aggregate (the “Dividend”) (based on the number of outstanding shares on the date hereof), payable to eligible holders of record of its common stock as of the close of business on July 5, 2017 (“Record Date”). In addition, pursuant to the terms of the Company’s management incentive plan, a dividend equivalent in the amount of approximately $8.0 million in aggregate (based on the number of outstanding shares on the date hereof) will be awarded to plan participants. The aggregate amount of the Dividend and dividend equivalent will be $100.7 million (the “Payment Cap”), and the portion of that aggregate amount that will be paid as the Dividend will depend on the number of shares outstanding as of the Record Date, and will be the maximum amount payable subject to the Payment Cap.

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Belle Ayr Mine Receives Top Mine Safety Award for State of Wyoming

BRISTOL, Tenn., June 16, 2017 – Contura Energy, Inc. today announced that one of its affiliate operations, Contura Coal West’s Belle Ayr Mine, has received the 2016 Surface Mine Safety Award given jointly by the State of Wyoming Department of Workforce Services and the Wyoming Mining Association. The award was presented earlier today in Sheridan, Wyo. at the Wyoming Mining Association’s convention and safety award luncheon. Located just outside of Gillette, Wyo., Belle Ayr Mine was awarded first place in the small mine category.

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Contura Announces First Quarter Results

BRISTOL, Tenn., May 30, 2017 – Contura Energy, Inc. today reported its first quarter 2017 results. These figures update and expand upon the preliminary first quarter results announced on May 12, 2017.

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Contura Announces Preliminary First Quarter Results

BRISTOL, Tenn., May 12, 2017 – Contura Energy, Inc. today announced its preliminary, unaudited first quarter 2017 results.

Highlights for the first quarter include:

• Coal revenue of $509 million, including $149 million from CAPP and $167 million from Trading and Logistics
• Adjusted EBITDA range between $120 million and $135 million
• Unrestricted cash balance of $241 million at the end of March

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Contura Announces Filing of S-1 Registration Statement

BRISTOL, Tenn., May 8, 2017 – Contura Energy, Inc. today announced the filing of a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its common stock. All shares to be sold in the IPO are proposed to be sold by selling shareholders. The number of shares to be offered and the price range for the offering have not yet been determined. In connection with the proposed IPO, Contura intends to apply to list its common stock on the New York Stock Exchange (NYSE) under the symbol “CTRA.”

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Contura Affiliate Operations Receive Awards for Mine Safety and Health

BRISTOL, Tenn., April 5, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced that three affiliate operations have received the Mine Safety and Health Training Award from the Interstate Mining Compact Commission (IMCC). The awards were presented April 4 in Williamsburg, Va. at the IMCC annual awards banquet. Dickenson-Russell Contura, LLC’s McClure River Plant and Paramont Contura, LLC’s Toms Creek Complex were honored in the coal surface division, while Paramont Contura, LLC’s Deep Mine 41 received the award in the coal underground division.

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Contura Announces Fourth Quarter and Formation to Year End(1) Results

BRISTOL, Tenn., March 31, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the fourth quarter and the period from July 26, 2016 to December 31, 2016 (“formation to year end”). These figures update the preliminary results announced on February 21, 2017 for the same reporting periods.

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Contura Announces Successful Refinancing Through $400 Million Term Loan Credit Facility

Transaction Includes the Redemption of 10.00% Senior Secured First Lien Notes Due 2021

BRISTOL, Tenn., March 17, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced the completion of its refinancing process through the entering of a $400 million term loan credit facility, the marketing of which was previously announced in late February. Through this refinancing, Contura extended its debt maturity profile by two and a half years, to 2024. The interest rate for the new term loan facility is LIBOR plus five percent, with a one percent LIBOR floor.

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Contura Increases Export Capacity Through Strategic DTA Ownership Transaction

BRISTOL, Tenn., March 7, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced its successful bid to significantly increase the company’s ownership stake in Dominion Terminal Associates (DTA), a world-class coal export facility located in Newport News, Virginia. Upon closing, Contura will hold a sixty-five percent majority ownership in the facility through its affiliate, Contura Terminal, LLC.

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Contura’s Running Right Leadership Academy Honored for Health and Safety Operational Excellence

BRISTOL, Tenn., February 22, 2017 – Contura Energy, Inc. announced today that the Running Right Leadership Academy (RRLA), owned by Contura Energy Services, LLC, has received the Health & Safety Operational Excellence Award from the Society for Mining, Metallurgy & Exploration (SME). The award recognizes exemplary occupational health and safety management performance and practices, and the honor was formally presented during the SME annual meeting in Denver.

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Contura Announces Marketing of Term Loan Facility

Company Also Reports Preliminary, Unaudited 2016 Fourth Quarter and Formation to Year End Results

BRISTOL, Tenn., February 21, 2017 – Contura Energy, Inc., a leading U.S. coal supplier, today announced that it has commenced a refinancing process with the marketing of a new $400 million term loan facility. If the proposed refinancing is successful, the proceeds of the term loan facility will be used to refinance the Company’s existing credit facilities, retire its outstanding notes, repay certain other long-term liabilities, pay related fees, costs and expenses, and for general corporate purposes. There can be no assurance that the term loan facility, the completion of which is subject to market conditions and other considerations, will be syndicated on terms satisfactory to the Company or in the amount referenced above.

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Contura Announces Results for the Period from July 26, 2016 to September 30, 2016

BRISTOL, TN, November 29, 2016 – Contura Energy, Inc., a leading U.S. coal supplier, today reported results for the period from July 26, 2016 to September 30, 2016.

Highlights for the reported period include:

  • Net Loss of $51 million on revenue of $245 million
  • Adjusted EBITDA $26 million
  • Well-capitalized balance sheet, including unrestricted cash of $72 million
  • Successfully completed the acquisition of high quality coal assets in Central Appalachia, Northern Appalachia and Powder River Basin
  • Contura introduces 2017 guidance
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Contura Energy Reaches Proposed Resolution of West Virginia Litigation

BRISTOL, TN, November 29, 2016 – Contura Energy, Inc. today announced a proposed resolution of recent filings by the West Virginia Department of Environmental Protection (WVDEP) in the United States Bankruptcy Court, Eastern District of Virginia in connection with the successful restructuring of Alpha Natural Resources and the previously announced settlements of issues related to the implementation of Alpha’s plan of reorganization.

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Statement from the Independent Members of Contura Energy’s Board of Directors

BRISTOL, TN, November 18, 2016 – The independent members of the Board of Directors for Contura Energy, Inc. today released the following statement in response to recent filings made by the West Virginia Department of Environmental Protection in the United States Bankruptcy Court, Eastern District of Virginia in connection with the successful restructuring of Alpha Natural Resources.

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Contura Energy Completes Acquisition of Core Coal Assets

BRISTOL, TN, July 26, 2016 – Contura Energy, Inc. today announced its acquisition of certain core coal assets from Alpha Natural Resources in connection with Alpha’s successful restructuring.

Formed and majority-owned by a group of Alpha’s first lien lenders, Contura is a well-capitalized entity, created to acquire and operate Alpha Natural Resources’ core operations in Northern Appalachia, the Powder River Basin and Central Appalachia. Specifically, Contura has acquired all of Alpha’s operations and reserves in Northern Appalachia (including the Cumberland mine complex) and the Powder River Basin, along with three Central Appalachian mining complexes (the Nicholas mine complex in Nicholas County, West Virginia, and the McClure and Toms Creek mine complexes in Dickenson and Wise Counties, Virginia). Contura also purchased Alpha’s interest in the Dominion Terminal Associates coal export terminal in eastern Virginia.

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