SunCoke Energy to exit coal mining business
Mar 12, 2014 | 05:30 PM
| 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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.