SunCoke Energy to exit coal mining business

Mar 12, 2014 | 05:30 PM | Stacy Irish

Tags  SunCoke Energy, coke, metallurgical coal, coking coal, mining, Stacy Irish

NEW YORK — SunCoke Energy Inc. is planning to sell its metallurgical coal mining business as part of a strategic option to divest noncore assets, the company said March 11.

"The first step is to begin executing a plan to drop down our entire domestic coke making business to (SunCoke Energy Partners LP) over the next few years. ... While our Coal Mining team has delivered significant improvement in productivity, safety and production costs, we believe shareholder value will increase if we exit this business," SunCoke Energy chairman and chief executive officer Frederick "Fritz" Henderson said in a statement March 11.....

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