When Alpha Natural Resources went into bankruptcy in 2015, it formed a new company called Contura Energy with some of Alpha’s best coal assets - mines in Wyoming and Appalachia.
Earlier this summer, Contura announced it was going to go public, hoping to expand in the U.S. and beyond. Usually, companies go public and sell shares to raise money and grow their business.
Now, Contura is backing out of that plan.
The company said it’s because of "capital market conditions."