Alpha Natural Resources 8-K Regulation FD Disclosure

Mining the Past…Powering the Future

Omni William Penn Hotel

Omni William Penn Hotel

Pittsburgh, PA

Pittsburgh, PA

September 20, 2007

September 20, 2007

Platts

Platts

30

30

th

Annual Coal Marketing Days

Annual Coal Marketing Days

Scott Pack

Scott Pack

Senior Vice President

Senior Vice President

Sales & Marketing

Sales & Marketing

Exhibit 99.1

2

Statements in this presentation which are not statements of historical fact are

“forward-looking

statements”

within

the

“safe

harbor”

provision

of

the

Private

Securities Litigation Reform Act of 1995. These forward-looking statements are

based on the information available to, and the expectations and assumptions

deemed

reasonable

by,

Foundation

Coal

Holdings,

Inc.

at

the

time

this

presentation was made. Although Foundation Coal Holdings, Inc. believes that

the assumptions underlying such statements are reasonable, it can give no

assurance that they will be attained. Factors that could cause actual results to

differ materially from expectations include the risks detailed under the section

“Risk

Factors”

in

the

company’s

Form

10-K

filed

with

the

Securities

and

Exchange Commission.

Also, this presentation contains certain financial measures, such as EBITDA.

As required by Securities and Exchange Commission Regulation G,

reconciliations of these measures to figures reported in Foundation Coal’s

consolidated financial statements are provided in the company’s annual and

quarterly earnings releases.

FORWARD-LOOKING STATEMENTS AND

RECONCILIATION OF NON-GAAP MEASURES

3

4

A COMMITMENT TO SAFETY

Incident

Rates

of

Non-Fatal

Occupational

Injuries

by

Industrial

Category

Source:  Bureau of Labor Statistics, 2005; Foundation Coal through July 2007

0

2

4

6

8

10

12

5

A COMMITMENT TO

ENVIRONMENTAL COMPLIANCE

Our focus on best practices and

environmental stewardship has

resulted in strong relationships

with federal and state regulators

We have a cross-functional

internal audit program with board

reporting

Our environmental record has

helped FCL consistently deliver

above industry-average margins

We have earned numerous

environmental awards as a result

of this commitment

Reclamation Award

Kenes C Bowling

Coal National

Mine Reclamation

Award

Excellence in

Surface Coal

Mining and

Reclamation Award

Earth Day Award

Excellence in Surface

Coal Mining Award

Chairman’s Award

for Excellence in

Mining Education

Major Environmental Awards

Major Environmental Awards

6

Headquarters

Baltimore, MD

Notes:

Production,

shipments,

sales,

average

realization

for

six

months

ended

6/30/07,

reserve

figures

as

of

12/31/06.

(1) Shipments, sales, and average realization include tons that were purchased and resold.

(2) Includes Illinois Basin

DIVERSIFIED OPERATIONS

Powder River Basin (PRB)

Production (tons MM)

25.5

Shipments (tons MM)

25.5

Sales ($ MM)

$253.7

Avg. Realization ($/Ton)

$9.19

Reserves (tons MM)

626.8

Btu

Low

Sulfur Content

Compliance

Central Appalachia (CAPP)

Production (tons MM)

3.6

Shipments (tons MM)

4.3

Sales ($ MM)

$229.7

Avg. Realization ($/Ton)

$52.02

Reserves (tons MM)

197.2

Btu

High

Sulfur Content

Compliance & Low

Northern Appalachia (NAPP)

Production (tons MM)

6.7

Shipments (tons MM)

6.8

Sales ($ MM)

$288.3

Avg. Realization ($/Ton)

$40.09

Reserves (tons MM)

747.3

Btu

High

Sulfur Content

Medium

Production²

(tons MM)

36.1

Shipments

1,2

(tons

MM)

37.1

Sales

1,2

($ MM)

$763.4

Avg.

Realization

1,2

($/Ton)

$20.13

Reserves²

(tons MM)

1,635.3

7

DIVERSE MINING METHODS

Truck/shovel-equipped surface operations account for nearly 75% of production

capacity

Safe & predictable

Flexible

Longwall

mines in the Pittsburgh Seam account for nearly 20% of production capacity

Safe & efficient

High margin

CM operations in CAPP account for the remainder

Safe & flexible

High quality production

Foundation is a technology leader in all three areas

2007 Production Capacity by Mine Type

Total = 72MM Tons

Truck/Shovel

CM

Longwall

53.0

5.5

13.5

8

9

9

FUTURE PRODUCTION POTENTIAL

2008 Sale

230 Million Tons

Eagle Butte LBA   

65

10

Phase III (2012)

New Capacity (MM tons/yr)

Expansion (MM tons/yr)

Wyoming Operations

Belle Ayr

LBA   

Phase II (2008)

Phase I (2006)

2009 Sale

200 Million Tons

55

5

50

5

Powder River Basin

Powder River Basin

Harts Creek

Mine

Production (MM tons/yr)

Current Reserve (MM tons)

2

~ 64

Central Appalachia

Central Appalachia

6 –

14

~ 400

Foundation

Freeport

Mine

Production (MM tons/yr)

Current Reserve (MM tons)

2 –

3

~   70

Northern Appalachia

Northern Appalachia

10

SUSTAINABILITY

0

10

20

30

40

50

60

70

80

90

100

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Existing PRB

Existing NAPP

Rockspring

74MM tons (2007)

77MM tons (2008)

89MM tons (2012)

11

OPPORTUNITIES FOR EXTERNAL GROWTH

We may be entering a period of consolidation in the

industry

Valuations becoming more realistic

Coal companies need critical mass to even the

playing field with customers and railroads

Foundation has an active business development group

Seeking opportunities that would add $100-300

million to EBITDA

More options and more players in CAPP and ILB, but

would consider opportunities elsewhere

12

PROVEN MARKET STRATEGY

Driven by:

Size and type of operation

Cost profile of mines

Lack of market

transparency

Over the past three

years, we believe

returns were enhanced

by limiting exposure to

spot market

0

4

8

12

16

20

24

2007

2008

2009

2010

2011 +

0

2

4

6

8

10

12

Scrubber Additions

FCL NAPP Open Tons

99%

84%

60%

28%

1%

16%

40%

72%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2007

2008

2009

2010

11.3MM

30.0MM

54.0MM

1.1MM

T

o

n

s

13

FOUNDATION’S SCORECARD

A

B

C

D

F

Comments

Product/Market Diversity

Wide variety of coal qualities; domestic steam,

metallurgical & industrial, export metallurgical markets

Regional Diversity

3

major

coal

supply

regions

–

PRB,

NAPP

&

CAPP

Mining Method Diversity

Surface (truck/shovel), longwall

& continuous miner

Transportation Diversity

High degree of optionality; all major railroads (BNSF, UP,

NS & CSX) & barge

Production Volume

2007 guidance range: 70-75 MM tons; 4

th

largest in U.S.

Safety

Improved safety performance in 2006 by 21% compared

to 2005

Environmental Compliance

Good corporate citizen, operate proactively and monitor

our performance via internal audits

Growth Prospects

Significant organic growth potential—up to 15 MM tons

additional capacity possible by 2012

Management

Senior staff with +25 years of industry experience

Performance

Since 2004, shipments +16%, revenues +54%, adjusted

EBITDA +104% & cash flow from operations +316%

Margins

Attractive EBITDA to revenue margins—21.5% in 1H

2007 (adjusted)

14

FOUNDATION COAL HOLDINGS, INC.