Corsa to focus on met coal as it exits thermal coal market

TSX-V-listed Corsa Coal is selling its thermal and industrial coal division Central Appalachia (CAPP) to a buyer group led by CAPP's current management team.  "The sale of our CAPP division will allow us to dedicate all of our corporate resources to the metallurgical (met) coal market where we believe we can achieve the highest rates of return on investment," CEO George Dethlefsen said on Wednesday.