CONSOL Energy Inc. says it has completed the sale of subsidiary
Consolidation Coal Company to Murray Energy.
The sale includes five longwall mines in West Virginia
The deal also gives Ohio-basedMurray Energy about 1.1 billion
tons of coal reserves.
Murray Energy paid $850 million in cash and will take $2.4
billion in liabilities off CONSOL's balance sheets.
Pennsylvania-based CONSOL said Thursday in a news release that
Murray Energy also is taking on its pension obligations with the United Mine
Workers of America.
The West Virginia
