Consol files registration for CNX Coal limited partnership
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Consol Energy Inc. said Wednesday that its subsidiary, CNX Coal Resources LP, has filed a registration statement with the U.S. Securities and Exchange Commission for the initial public offering of common units representing limited partner interests.
Consol said in a press release that CNX Coal Resources’ initial assets are expected to consist of a 20 percent undivided interest in, and operational control over, Consol’s Pennsylvania mining complex, which consists of three underground mines (the Bailey Mine, the Enlow Fork Mine and the Harvey Mine) and related infrastructure.
The company said the number of common units to be offered and the price range for the offering have not been determined.
The offering is expected to be completed in mid-2015.
Consol said CNX Coal Resources intends to apply to list the common units on the New York Stock Exchange under the symbol “CNXC.”
The company said a registration statement relating to the common units of CNX Coal Resources has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.