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CONSOL selling 5 W.Va. coal mines to Murray

Updated: Monday, October 28 2013, 12:20 PM EDT

By: NEWS9 and The Associated Press


CONSOL Energy Inc. is selling all five of its longwall coal mines in West Virginia to Ohio-based Murray Energy for $3.5 billion.

Locally in the Ohio Valley, the sale affects two Marshall County mines: the Shoemaker Mine in Benwood and the McElroy Coal Co. in Cameron.

The United Mine Workers of America said the deal doesn’t change anything for union workers.

In addition to the two mines in Marshall County, the company is also selling Robinson Run Mine, Loveridge Mine, Blacksville No. 2 Mine, plus river and dock operations.

According to a news release, the deal gives Murray Energy 1.1 billion tons of coal reserves. The five mines collectively produced 28.5 million tons of thermal coal in 2012.

Pennsylvania-based CONSOL said Monday that the deal for its Consolidation Coal Co. subsidiary is good for long-term growth, but Chairman Brett Harvey said it was a difficult decision to sell the mines. Harvey said the West Virginia workers are among the safest and most productive in the world.

CONSOL is keeping the Buchanan Mine in Virginia. Stay with NEWS9 and for continuing coverage.

CONSOL selling 5 W.Va. coal mines to Murray

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