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CONSOL Energy pays to exit CAPP
CONSOL Energy will pay Booth Energy a total of $44 million to take over its Miller Creek mining complex and Fola Mining complex subsidiaries in West Virginia. The Miller Creek complex has an active surface mining operation and prep plant, which produced 2.1 million tons in 2015, according to the Mine Safety and Health Administration, and two underground mines, which are listed as temporarily idle. The transaction consists of $27 million cash at closing, of which a portion will be held in escrow for purposes of obtaining the surety bonds required for the permits to transfer.
CONSOL Energy pays to exit CAPP
CONSOL Energy will pay Booth Energy a total of $44 million to take over its Miller Creek mining complex and Fola Mining complex subsidiaries in West Virginia. The Miller Creek complex has an active surface mining operation and prep plant, which produced 2.1 million tons in 2015, according to the Mine Safety and Health Administration, and two underground mines, which are listed as temporarily idle. The transaction consists of $27 million cash at closing, of which a portion will be held in escrow for purposes of obtaining the surety bonds required for the permits to transfer.
CONSOL Energy pays to exit CAPP
2016
Article (Journal)
English
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