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  "documentTitle": "Alpha Metallurgical Resources, Inc. (AMR)",
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  "authorName": "Spruce Point Capital Management",
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  "presentationDate": "2022-05-17 00:00:00",
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      "kind": "callout",
      "text": "U.S. reporting coal companies file as an exhibit quarterly Mine Safety Disclosures. AMR says, “Our subsidiaries’ mining operations have consistently been recognized with numerous local, state and national awards over the years for outstanding safety performance,” and it lists “Operational Excellence” as a #3 Investment Highlight. Yet, when Spruce Point benchmarked recent Mine Safety Disclosures, we found AMR to have the worst record.",
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      "text": "Yet, when Spruce Point benchmarked recent Mine Safety Disclosures, we found AMR to have the worst record.",
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      "text": "Investment Highlights: 1. Largest and Most Quality Diverse Metallurgical Coal Producer in U.S. 2. Portfolio of Long-Lived Metallurgical Mines and Substantial Organic Reserve Growth Opportunities 3. Operational Excellence: Cost Control, Safety, Environmental 4. Advantaged Sales & Logistics Platform Serving Both Domestic and International Markets",
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      "text": "Value of MSHA Assessed Proposed Penalties: $533.2",
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      "text": "Our subsidiaries’ mining operations have consistently been recognized with numerous local, state and national awards over the years for outstanding safety performance — AMR Investor Presentation",
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      "text": "Comparison table of MSHA penalties and cited mines across 8 companies: AMR, Ramaco, Coronado, Alliance, Arch, Peabody, Warrior Met, CONSOL.",
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      "kind": "title",
      "text": "More Evidence AMR Is A Poor Coal Operator: MSHA Proposed Fines Lead Public Peers",
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