Contura Energy Inc.

NYSE:CTRA   3:59:58 PM EDT
7.41
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Debt Financing / Related, Divestitures / Spin-offs

Contura Signs Agreement To Divest Cumberland Mine, Pennsylvania Assets

Published: 11/12/2020 12:56 GMT
Contura Energy Inc (CTRA) - Press Release - Contura Signs Agreement to Divest Cumberland Mine, Pennsylvania Assets.
Contura Energy Inc - Upon Closing, Contura Will Provide $20 Million in Cash Consideration to Iron Senergy.
Contura Energy Inc - Will Transfer $30 Million in Existing Cash Collateral to Iron Senergy's Surety Provider.
Contura Energy Inc - Iron Senergy Will Assume All Reclamation Obligations Associated With Pennsylvania Entities.
Contura Energy - Reclamation Obligations Associated With Pennsylvania Entities Estimated to Be About $169 Million of Undiscounted Future Cash Outflows.
Contura Energy Inc - Iron Senergy Expressed Intention to Continue Operating Cumberland Mine.