COAL
US iron-ore and coal producer Cliffs Natural Resources expects to record a loss in the range of about $375-million to $425-million on a pre-tax basis in the fourth quarter after agreeing to sell its Logan county coal assets, in southern West Virginia, to Coronado Coal II for $175-million in cash, which it will use to repay debt. Coronado will also assume certain liabilities.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access
