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Joseph Green,
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World Coal,
CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, has filed for an initial public offering with U.S. regulators.
The fundraising target of the filing is a nominal US$250 million.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.
Edited from source by Joseph Green
Source: Reuters
Consol Energy is to look at spinning off its thermal and metallurgical coal assets.
Consol Energy has released its results for the three months to the end of September with coal production exceeding guidance at 7.8 million short t.
Consol Energy has produced more coal during the third quarter of 2013 than guidance suggested.
Diversified US fuel producer, CONSOL Energy, has agreed sale of two coal assets in Canada for a total of US$ 127 million. The sale of these properties is part of an ongoing strategy sell non-core assets, which is expected to continue in 2013.