Russian Steelmaker Severstal Sells U.S. Subsidy PBS Coals to Corsa Coal

ISTANBUL--July 18, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Russian steel and mining company OAO Severstal (MCX:CHMF) (Moscow) has announced it will sell U.S. metallurgical coal subsidiary PBS Coals to Corsa Coal Corp. (TSXV:CSO) (Toronto, Canada) for $60 million in cash. Within this article: Details of sale of PBS Coals, including number of operating mines.