
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, September 28, 1993                   TAG: 9309280092
SECTION: BUSINESS                    PAGE: B6   EDITION: METRO 
SOURCE: Associated Press
DATELINE: CHARLESTON, W.VA.                                LENGTH: Short

PITTSTON CO. ANNOUNCES NEW COAL DEAL

The Pittston Co. announced Monday it has agreed to buy most of the coal assets of Addington Resources Inc. in West Virginia, Kentucky and Ohio for $157 million.

The purchase is expected to be completed by the end of the year, pending a vote by Addington's shareholders, Pittston said.

Pittston Coal Group, owned by Pittston Co. of Stamford, Conn., operates coal mines in Southwest Virginia.

Addington, based in Ashland, Ky., owns substantial reserves of valuable low-sulfur coal, most of it in Kanawha, Fayette and Nicholas counties in southern West Virginia.

Its West Virginia surface mines, operated by Appalachian Mining Inc. and Vandalia Mining Corp., are expected to produce 3.6 million tons of coal this year.

Addington said the sale would be used to pay off $125 million in debt. The deal does not include Addington's landfill and mining technology business.

by CNB