In the second transaction, effective December 20, 2012, CONSOL Energy agreed to sell its interest in other coal assets, subject to certain conditions, in Alberta, for $24 million. The buyer is Riversdale Resources, headquartered in Sydney, Australia. The primary asset is Grassy Mountain Surface Mine, where CONSOL's share of the recoverable reserves is estimated to be 30 million tons. CONSOL anticipates closing this transaction during the second quarter of 2013."These two sales represent a continuation of our successful strategy of pulling value forward and focusing on our near-term opportunity set," commented J. Brett Harvey, CONSOL Energy Chairman and CEO.
CONSOL Energy Monetizes Additional Non-Producing Assets For $127 Million; Total Asset Sales For 2012 Exceed $350 Million
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