Alaska Anthracite Railroad interest in the coal fell off and with the lack of funds the company tried to reorganize in 1921 as the Alaska Coke & Coal Company. The railroad lasted until 1923 when it went into receivership. Alaska Anthracite Railroad The Alaska Anthracite Railroad Company was formed about 1907 by several people to exploit the Bering River coal fields after the Alaska Syndicate that consisted of M. Guggenheim & Sons and J.P. Morgan & Co. left the area for the Copper River copper. It was after the 1907 winter storm destroyed their Copper River and Northwestern Railway (CR&NW) in the Katalla
Anthracite times been futile, and several such combustion areas exist today. The existence of an underground combustion site can sometimes be identified in the winter where fallen snow is seen to be melted by the warmth conducted from below. Proposals for harnessing this heat as geothermal energy have not been successful. A vein of anthracite that caught fire in Centralia, Pennsylvania in 1962 has been burning ever since, turning the once-thriving borough into a ghost town. Among current producers, Russia, China and Ukraine have the largest estimated recoverable reserves of anthracite. Other countries with substantial reserves include Vietnam and North Korea.