Contura Closes Transaction Divesting Cumberland Mine
Company Issues Updated 2021 Guidance Reflecting New Operational Portfolio
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BRISTOL, Tenn., Dec. 10, 2020 /PRNewswire/ Contura Energy, Inc. (NYSE: CTRA), a leading U.S. supplier of metallurgical products for the steel-making industry, today announced the closing of its transaction with Iron Senergy Holding, LLC (Iron Senergy) for the divestment of the Cumberland Mine and related assets in Greene County, Pennsylvania.
The subsidiaries that hold the Cumberland and Emerald mines and the associated coal reserves, mining permits and operations, infrastructure, equipment and transloading facilities have transferred to Iron Senergy, effective today. According to the terms of the transaction, Iron Senergy has acquired all of the equity of the following subsidiaries previously owned by Contura: Emerald Contura, LLC; Cumberland Contura, LLC; Contura Coal Resources, LLC; Contur