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Article: CONSOL Energy Completes Canadian Acquisition.
- Article from:
- PR Newswire
- Article date:
- January 5, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PITTSBURGH, Jan. 5 /PRNewswire/ --
CONSOL Energy Inc. (NYSE: CNX) today announced the successful closure effective December 31, 2000 of the purchase by its subsidiary CONSOL Energy Canada Ltd., from Luscar Ltd. of Edmonton, of a 50 percent interest in the Line Creek Mine, under the terms announced in principle November 16, 2000.
The purchase price was approximately $38 million (U.S.). CONSOL Energy Inc. issued commercial paper to fund the purchase.
The Line Creek Mine, located 17 miles north of Sparwood, British Columbia, produces bituminous metallurgical and steam coal for delivery to customers in the Pacific Rim, South America, Europe, ...