Sunoco unit buys Harold Keene Coal for $40 million

Bloomberg.com reports that a Sunoco (NYSE:SUN) subsidiary has purchased Harold Keene Coal Co in an effort to boost its’ coal reserves.

The story is quoted as saying:

SunCoke Energy said the acquisition includes two underground mines and one surface and high wall mine currently producing 250,000 tons to 300,000 tons of coal every year. The coal reserves are estimated to be at least 16 million tons

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