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CONSOL Energy is divesting five large thermal coal mines in Northern Appalachia to Murray Energy for a total consideration of US$3.5 billion. This includes the assumption of US$2.4 billion in worker liabilities and a payment of US$850 million in cash. The agreement involves CONSOL's Blacksville No. 2, Loveridge, McElroy, Robinson Run and Shoemaker mines, plus CONSOL's Ohio River barge operations and additional unidentified reserves.
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CONSOL Energy divests five thermal coal mines to Murray Energy PDF - 643.27 KB 10 Pages, 7 Tables, 3 Figures
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Insight | Oct 2013
CONSOL Energy divests five thermal coal mines to Murray Energy
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