Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Consol Paying $44 Million to Get Rid of W.Va. Mines

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Consol Paying $44 Million to Get Rid of W.Va. Mines

Article excerpt

Consol Energy Inc. is paying a Kentucky firm $44 million to take two coal mines off its hands and assume the liabilities of closing the West Virginia properties.

Cecil-based Consol announced in a public filing on Monday that it has made a deal with Southeastern Land LLC, a company registered to James Booth, a Kentucky business mogul and longtime coal entrepreneur.

The deal involves Consol's Miller Creek mine complex in Mingo and Logan counties and its Fola operations in Clay, Fayette and Nicholas counties. Consol said in a statement that Southeastern would take on $103 million in environmental liabilities for the two assets.

Miller Creek, which is still operating albeit at diminished capacity, produced 2.1 million tons of coal last year. Fola has been shut down since 2012. …

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