Consol to shed coal business this year

摘要

Consol Energy is seeking to divest or separate the rest of its interest in the Bailey mining complex this year. Consol is reviewing whether to spin the operations off into a separate entity or sell them to its master limited partnership CNX Coal Resources or a third party, chief executive Nicholas DeIuliis said in a call to discuss the company's fourth-quarter earnings. Pennsylvania-based Consol sold its other coal-related assets last year as part of its strategy to exit the coal business and focus on natural gas.