US Steel to Sell Mining Assets

US Steel has signed a letter of intent to sell its' mining assets currently held by US Steel Mining Company.

A new company under the control of Banjamin M Statler LLC or its affiliates and Natural Gas Partners is set to acquite the assets of US Steel Mining.

The acquisition covers coal mines located near Pineville, West Virginia and Oak Grove, Alabama, USA. The sale is expected to be completed by the end of June.

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