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$250 million.
The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO could be different.
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Diversified US fuel producer, CONSOL Energy, has agreed sale of two coal assets in Canada for a total of US$ 127 million. The sale of these properties is part of an ongoing strategy sell non-core assets, which is expected to continue in 2013.
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