ROANOKE TIMES Copyright (c) 1996, Roanoke Times DATE: Tuesday, September 17, 1996 TAG: 9609170120 SECTION: BUSINESS PAGE: B-8 EDITION: METRO SOURCE: GREG EDWARDS
MAPCO Coal Inc. said the company has sold all its common stock and that of its affiliate MC Mining Inc. to the Beacon Group Energy Investment Fund L.P., a private investment firm based in New York.
MAPCO and MC Mining employ roughly 1,400 workers at seven diversified mining complexes in Virginia and three other states. Terms of the sale were not disclosed.
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