NEW YORK Bankrupt
steelmaker RG Steel LLC has accepted a $1.16-million offer for
the mineral rights to its land in Brooke County, W.Va.
Oklahoma City, Okla.-based
Mineral Acquisition Co. has offered to pay $3,000 per acre for
386.764 net mineral acres of land, according to documents filed
in federal bankruptcy court in Delaware.
The proposed sale still requires
bankruptcy court approval.
Neither companys counsel could be reached for