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Consol sells WAE stake

New York-listed Consol Energy has closed two separate asset sales as it looks to reduce debt amid the coal market downturn.

Consol sells WAE stake Consol sells WAE stake Consol sells WAE stake Consol sells WAE stake Consol sells WAE stake

Consol has suffered from the coal market downturn

The company sold its 49% interest in the Western Allegheny Energy (WAE) coal joint venture in Shelocta, Pennsylvania to Rosebud Mining, a US-based coal producer with 28 coal mines across Pennsylvania