PITTSBURGH, Pa. - Consol Energy Inc. said Thursday it has signed two deals to sell non-producing coal assets in Western Canada for a total of US$127 million.
Under the first deal, Consol said Ram River Coal Corp. has bought the Ram River and Scurry Ram coal properties in Alberta for $105 million, including $102.5 million payable to Consol.
The second deal saw Consol sell its interest in other coal assets in Alberta, including the Grassy Mountain mine, for $24 million to Riversdale Resources, an Australian company.
None of the assets generated revenue in 2012.
Consol Energy owns coal mines and produces natural gas in the Eastern United States.
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