A Colorado company has announced a $193 million deal to buy a coal mine in western Wyoming from ChevronMining Inc.
Chevron has been getting out of the coal industry and the Kemmerer mine is among its last coal assets. The mine produces 4.7 million tons of coal a year.
The buyer is Englewood, Colo.-based Westmoreland Coal Co. The deal announced Tuesday includes a purchase price of $179 million plus $14 million in working capital.