Runway extended for Cumberland coal mine under new ownership

Metallurgical coal miner Contura Energy has closed its transaction with Iron Senergy Holding for the divestment of the Cumberland thermal coal mine and related assets in Greene county, Pennsylvania. The subsidiaries that hold the Cumberland and Emerald mines and the associated coal reserves, mining permits and operations, infrastructure, equipment and transloading facilities have transferred to Iron Senergy, effective December 10. "This mutually beneficial transaction with Iron Senergy extends the runway for Cumberland under its new ownership, and today's closing is the culmination of many months of hard work from our respective teams," said Contura chairperson and CEO David Stetson.