Consol Energy completes sale of W.Va. mines
CANONSBURG – Consol Energy Inc. said Tuesday that it has closed on its previously announced agreement to sell the Miller Creek and Fola mine complexes in southern West Virginia to Southeastern Land LLC.
In completing the divestiture, Consol paid Southeastern $44 million, including $27 million in cash to assume ownership of the mines. With the completion of the transaction, Consol’s remaining mines are in Pennsylvania.
As part of Tuesday’s agreement, Southeastern Land also assumed $103 million in laibilities.