UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(RULE 13D - 101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)

(Amendment No. ___)*

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  X .

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

^* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

* Including 85 shares of Common Stock issuable upon the exercise of certain warrants.

* Including 85 shares of Common Stock issuable upon the exercise of certain warrants.

This Statement on Schedule 13D (“Schedule 13D”) relates to the Common Stock, $0.01 par value (the “Common Stock” or “Shares”), of Contura Energy, Inc. (the “Issuer”). The Issuer’s principal executive office is located at 340 Martin Luther King Jr. Blvd., Bristol, Tennessee 37620.

(a)            This Schedule 13D is being filed by (i) Percy Rockdale LLC, a Michigan limited liability company (“Percy Rockdale”), (ii) Rio Royal LLC, a Michigan limited liability company (“Rio Royal”), (iii) MG Capital Management, Ltd., a Cayman Islands company limited by shares (“MG Capital Management”), and (iv) Michael Gorzynski, a natural person, (“Mr. Gorzynski,” and, together with Percy Rockdale, Rio Royal and MG Capital Management, the “Reporting Persons”).

(b)            The principal business address for each of Percy Rockdale, Rio Royal and Mr. Gorzynski is 595 Madison Avenue, 29^th Floor, New York, NY 10022. The principal business address of MG Capital Management is c/o Trident Trust Company (Cayman) Limited, Fourth Floor, One Capital Place, P.O. Box 847, Grand Cayman, KY1-1103, Cayman Islands.

(c)            Percy Rockdale, Rio Royal and MG Capital Management each hold the shares of Common Stock of the Issuer that are the subject of this statement.  The principal business of each of Percy Rockdale and Rio Royal is to invest in securities.  The principal business of MG Capital Management is to serve as an investment holding company and sole member of Rio Royal.  Mr. Gorzynski’s principal occupation is investing, and directing the investment of, assets, including by serving as the sole Manager of Percy Rockdale and the sole Director of MG Capital Management.  As a result of the foregoing relationships, (i) MG Capital Management may be deemed to beneficially own the Shares held by Rio Royal and  (ii) Mr. Gorzynski may be deemed to beneficially own the Shares held by each of Percy Rockdale and MG Capital Management.

(d) – (e)    During the last five years, none of the Reporting Persons have: (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)            Percy Rockdale and Rio Royal are each Michigan limited liability companies.  MG Capital Management is a Cayman Islands company limited by shares.  Mr. Gorzynski is a citizen of the United States of America.

Almost all of the Shares to which this Statement relates were purchased on behalf of the Reporting Person using the investment capital of the respective Reporting Person.  The aggregate amount of funds used for the purchase of such securities was approximately $4,602,966.89, excluding commissions. 1,674 of the Shares held directly by MG Capital Management were received on account of certain bonds issued by a predecessor of the Issuer.

The Reporting Persons acquired the securities disclosed herein based on the Reporting Persons’ belief that the securities, when acquired, were undervalued and represented an attractive investment opportunity.

On October 7, 2020, the Reporting Persons issued a letter to the Board of Directors of the Issuer expressing their views on the management of the Issuer and the need to refresh its Board of Directors (the “Board Letter”).  The foregoing is qualified in its entirety by reference to the press release and Board Letter, the body of which is incorporated herein and attached hereto as Exhibit 99.1.

Depending upon overall market conditions, other investment opportunities available to the Reporting Person, and the availability of securities of the Issuer at prices that would make the purchase or sale of such securities desirable, the Reporting Person may endeavor from time to time (i) to increase or decrease its position in the Issuer through, among other things, the purchase or sale of securities of the Issuer on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Person may deem advisable and/or (ii) to enter into transactions that increase or hedge its economic exposure to the securities of the Issuer without affecting its beneficial ownership.

Except as otherwise disclosed in this Item 4 or the Shareholder Letter, the Reporting Persons do not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed herein. The Reporting Person intends to review its investment in the Issuer on a periodic basis and may from time to time engage in discussions with management and the Board and other shareholders and potential shareholders of the Issuer concerning, among other things, the business, operations and future plans of the Issuer. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the securities of the Issuer, conditions in the securities markets and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to their respective investments in the Issuer as it deems appropriate including, without limitation, making proposals concerning changes to the capitalization, ownership structure, Board composition or operations of the Issuer, purchasing additional securities of the Issuer, selling some or all of its securities of the Issuer, engaging in short selling of or any hedging or similar transaction with respect to the securities of the Issuer, or changing its intention with respect to any and all matters referred to in this Item 4.

(a) – (b)  The aggregate percentage of Common Stock reported owned by the Reporting Persons is based upon 18,308,923 shares of Common Stock outstanding as of July 31, 2020, which is the total number of shares of Common Stock outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2020, plus 85 shares of Common Stock issuable upon the exercise of certain warrants.

As of the date hereof, Percy Rockdale beneficially owns 1,043,367 Shares, constituting approximately 5.7% of the Shares outstanding.  As of the date hereof, Rio Royal beneficially owns 17,300 Shares, constituting less than 1% of the Shares outstanding. As of the date hereof and by virtue of its relationship with Rio Royal discussed in further detail in Item 2, MG Capital Management may be deemed to beneficially own 18,974 Shares, consisting of (i) 1,674 Shares held  directly (including 85 Shares issuable upon the exercise of certain warrants) and (ii) the 17,300 Shares beneficially owned by Rio Royal, constituting less than 1% of the Shares outstanding.  By virtue of his relationships with Percy Rockdale and Rio Royal discussed in further detail in Item 2, Mr. Gorzynski may be deemed to beneficially own 1,062,341 Shares, consisting of (i) the 1,043,367 Shares beneficially owned by Percy Rockdale and (ii) the 18,974 Shares beneficially owned by MG Capital Management, constituting 5.8% of the Shares outstanding.  Percy Rockdale and Mr. Gorzynski have shared voting and dispositive power over the shares of Common Stock directly held by Percy Rockdale.  Rio Royal, MG Capital Management and Mr. Gorzynski have shared voting and dispositive power over the shares of Common Stock directly held by Rio Royal.  MG Capital Management and Mr. Gorzynski have shared voting and dispositive power over the shares of Common Stock directly held by MG Capital Management.

As of the date hereof, the Reporting Persons beneficially owns an aggregate of 1,062,341 Shares, constituting approximately 5.8% of the outstanding Shares. Each Reporting Person, as a member of a “group” with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting Person disclaims beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

(c)            Except as set forth on Schedule 1 hereto, the Reporting Persons have not entered into any transactions in the Common Stock during the past sixty days

(d)            No Person other than the Reporting Persons have the right to receive or the power to direct the receipt of distributions or dividends from, or the proceeds from the transfer of, the reported securities.

(e)            Not applicable.

The Reporting Persons have entered into a joint filing agreement, dated as of October 7, 2020, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The terms and conditions of the warrants to purchase 85 Shares held in the aggregate by MG Capital Management are as set forth in the Form of Series A Warrant, included as Exhibit A to the Warrant Agreement attached as Exhibit 99.3 hereto and incorporated by reference herein.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:  October 7, 2020

Percy Rockdale LLC

By:_/s/ Michael Gorzynski __________

    Michael Gorzynski, as Sole Manager

Rio Royal LLC

By:_/s/ Michael Gorzynski __________

    Michael Gorzynski, as Sole Manager

MG Capital Management Ltd.

By:_/s/ Michael Gorzynski __________

    Michael Gorzynski, as Sole Director

_/s/ Michael Gorzynski __________

Michael Gorzynski, a natural person

MG Capital Issues Letter to the Board of Directors of Contura Energy Inc.

Believes Contura Cannot Fully Reverse its Years-Long Tailspin Until the Company Accelerates its Exit from Environmentally-Destructive Thermal Coal, Deleverages its Balance Sheet and Refreshes its Six-Member Board

Contends that Contura’s Legacy Directors are Unequipped to Effectively Support the Company’s Strong Management Team, Misaligned with Stockholders and Unqualified in ESG Areas

Urges Contura to Seek Stockholder Input and Promptly Overhaul Half of the Company’s Board by Replacing Three Legacy Directors with New, Highly-Qualified Individuals

NEW YORK – (BUSINESS WIRE) – October 7, 2020 – MG Capital Management, Ltd. (together with its affiliates, “MG Capital” or “we"), a long-term stockholder of Contura Energy, Inc. (NYSE: CTRA) (“Contura” or the “Company”) and owner of approximately 5.8% of the Company’s outstanding common stock, today issued the below letter to the Company’s Board of Directors and filed a Schedule 13D with the U.S. Securities and Exchange Commission.

***

VIA EMAIL

October 7, 2020

The Board of Directors

Contura Energy, Inc.

340 Martin Luther King Jr. Blvd.

Bristol, TN 37620

Dear Members of the Board of Directors:

MG Capital Management, Ltd. (together with its affiliates, “MG Capital” or “we") is a long-term stockholder of Contura Energy, Inc. (“Contura” or the “Company”), with ownership of approximately 5.8% of the Company’s outstanding common stock. Since making our initial investment in Contura in 2016, MG Capital has continuously assessed the Company’s assets, corporate governance, strategic decisions and market positioning against the backdrop of our country’s rapidly-changing energy economy. We are writing to you today because it has become abundantly clear to us in recent months that Contura cannot begin to fully reverse its years-long tailspin until it accelerates its intended exit from the thermal coal business and refreshes half of the Company’s six-member Board of Directors (the “Board”).

We are very concerned that Contura, which only two years ago had a market capitalization of more than $1 billion and a stock price of more than $75, continuously trades at a staggering discount to its intrinsic value. As the country’s largest producer of coking products (a critical input into the steel production supply chain), Contura is part of the lifeblood of our economy and has a critical role to play with respect to infrastructure and national security. Notably, during the last cyclical high in 2011, Alpha Natural Resources, Inc. (Contura’s predecessor company) reached more than $12 billion in enterprise value and generated annual EBITDA in excess of $1 billion. In stark contrast, Contura’s estimated enterprise value is currently below $550 million.

After recently assessing all of our concerns pertaining to Contura’s trajectory, we concluded that the Company’s Board – in particular, legacy directors John Lushefski, Daniel Geiger and Albert Ferrara, Jr. – lacks the expertise and skills to support a turnaround in today’s new energy economy. We explain why our team came to this conclusion in the next section of this letter.

Importantly, we want to take the opportunity to highlight that David Stetson and the other management team members that assumed leadership roles in 2019 have been doing an exceptional job navigating this year’s difficult market environment. We fully support new management’s decision to begin exiting the environmentally-destructive thermal coal business and look forward to Contura quickly having little-to-no exposure to this segment of the market. We are also impressed by management’s continued focus on containing costs and targeting debt reduction, which can eventually enable the Company to resume its buyback program in a thoughtful manner.

In our view, Mr. Stetson and the high-quality executives that he has recruited deserve to be supported by a refreshed Board that possesses complementary skillsets, diverse viewpoints and meaningful ownership perspectives. The new management team and long-suffering stockholders should not have to be shackled to ineffective legacy directors with a history of reaping outsized compensation for overseeing massive value destruction.

We contend that Contura’s new management has inherited a Board that is ill-equipped and poorly-aligned. It looks as if none of the long-serving directors – other than Mr. Stetson – have the expertise needed to support management’s growth, modernization and efficiency plans. It is also a red flag that the Board is not sufficiently aligned with stockholders. Excluding Mr. Stetson, Contura directors have average holdings of approximately 17,000 shares of common stock.

Messrs. Lushefski, Geiger and Ferrara have also seemingly failed as allocators of capital, authorizing stock buybacks at peak cycle prices ($31.54 per share vs. $7.92 at Friday’s close) and saddling the Company with dangerous levels of debt. Indeed, while these directors were endorsing stock buybacks, they were also selling stock themselves. In 2019, our research indicates that Mr. Lushefski sold stock between $61.15 and $52.67, Mr. Geiger sold stock between $62.99 and $29.07 and Mr. Ferrara sold stock at $53. These same individuals have also shown what we believe is an inability to effectively assess strategic transactions in today’s marketplace, like Contura’s mishandled Powder River Basin sale.

Most disappointing, however, is the Board’s reaction to the COVID-19 crisis. It appears that Contura’s directors have maintained their significant Board compensation as the Company has had few options other than to shutter assets and furlough employees. For context, in 2019, Mr. Lushefski was paid $293,000, Mr. Geiger was paid $216,000 and Mr. Ferrara was paid $266,000. We deem these to be outsized sums given that these legacy directors have overseen hundreds of millions of dollars in value destruction and presided over sobering job losses. Perhaps all of the members of the Board are not aware of industry estimates that show the average miner in West Virginia makes less than $55,000 per year.

We were unsurprised upon learning that these legacy directors also enjoy little support from other stockholders, proxy advisory firms and the Company’s broader stakeholder set. Ahead of Contura’s 2020 Annual Meeting of Stockholders, Institutional Shareholder Services, Inc. (“ISS”) recommended that the Company’s stockholders withhold votes for an astonishing 50% of the Board. ISS also failed Contura on every climate awareness metric in 2019. We believe Contura’s legacy directors have repeatedly failed to embrace best practices when it comes to environmental, social and governance (“ESG”) criteria.

As a major stockholder with significant knowledge of Contura’s business and market, MG Capital hopes a Company representative will quickly engage with us and seek our input on a prompt director refreshment program. We are prepared to share proposed candidates for appointment to the Board, including ones with strong capital allocation acumen, new energy expertise, regulatory experience and ESG knowhow. Contura’s dismal results speak for themself and we suspect stockholders will not react well to a delay.

Please be advised that MG Capital is prepared to nominate director candidates ahead of Contura’s 2021 Annual Meeting of Stockholders if the incumbent Board forces us to do so. However, that is not our first choice.

Sincerely,

Michael Gorzynski

Managing Member

MG Capital

***

Profile

Greg Marose / Charlotte Kiaie, 347-343-2999

gmarose@profileadvisors.com / ckiaie@profileadvisors.com

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Percy Rockdale LLC

By:_/s/ Michael Gorzynski __________

    Michael Gorzynski, as Sole Manager

Rio Royal LLC

By:_/s/ Michael Gorzynski __________

    Michael Gorzynski, as Sole Manager

MG Capital Management Ltd.

By:_/s/ Michael Gorzynski __________

    Michael Gorzynski, as Sole Director

_/s/ Michael Gorzynski __________

Michael Gorzynski, a natural person