A deal between Cliffs Natural Resources and Coronado Coal LLC concerning Cliffs’ Logan County coal mines that was expected to be completed by the end of the year, has not yet been finished, according to a spokesperson for Greenbrier Minerals LLC.
According to a Dec. 3, 2014, article on “PR Newswire,” Cliffs announced the agreement to sell its coal operations in Logan County for $175 million, subject to regulatory approval. At the time of the news release, the companies anticipated completion “by year’s end,” but the Greenbrier spokesperson said the companies “have not done the closing yet.”
The Cliffs’ press release indicated that the sale of the Logan County properties would not impact Cliffs’ Pinnacle Mine in Wyoming County or the Oakgrove Mine in Alabama — both of which mine metallurgical coal, used in steel-making. Cliffs’ Logan County properties are located in thermal coal seams, used in energy generation.
Coronado is based in Wilton, Conn., and currently has coal operations in both Greenbrier (Greenbrier Minerals, LLC) and Nicholas (Midland Trail Resources LLC) counties. Coronado acquired the West Virginia properties in the spring of 2013. The company’s stated mission is to: “Invest in, develop and maintain a world class mining company for the acquisition, production and domestic shipment and export of mid/low volatile metallurgical coal,” according to Coronado’s web site.
— Contact Bill Archer at email@example.com