Appalachian coal producer Alpha Natural Resources ( ANR) completed the acquisition of certain eastern Kentucky coal mining operations from Progress Fuels, a unit Progress Energy ( PGN), for $23 million. Under the terms of the deal, Alpha acquired the stock of Diamond May Coal and Progress Land and some assets of Kentucky May Coal. Cumulatively, the acquired businesses control 73 million tons of coal reserves and produced about 3 million tons of coal last year.

Alpha Natural said it financed the transaction through its revolving credit facility.

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