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A.T. MASSEY COAL CO. ACQUIRES WEST VIRGINIA COAL PROPERTIES

 A.T. MASSEY COAL CO. ACQUIRES WEST VIRGINIA COAL PROPERTIES
 IRVINE, Calif., Aug. 12 /PRNewswire/ -- Fluor Corp. (NYSE: FLR) announced today that subsidiaries of A.T. Massey Coal Co. Inc. have purchased 60,000 acres of coal properties and mining rights in southern West Virginia, estimated to contain in excess of 164 million recoverable tons of high-quality, low-sulfur coal. The value of the transaction was not disclosed.
 The coal properties acquired from subsidiaries of Bethlehem Steel Corp. (NYSE: BS) are found in the West Virginia counties of Boone, Kanawha, Lincoln, Logan and Raleigh. They are located adjacent to existing Massey-owned coal producing infrastructure. This will aid in expanding production while controlling costs.
 Don Blankenship, chairman of A.T. Massey, said: "This acquisition will not only increase immediate returns but enhance the company's long-term profitability. And it is an excellent fit with our strategy to focus on providing utility customers with high- quality, low-sulfur coal, to meet more stringent clean air standards."
 A.T. Massey Coal Co., Fluor's investment in coal, produces both high-quality, low-sulfur steam coal and metallurgical coal, and ranks among the 10 largest coal companies in the United States. In addition to sales of produced coal, Massey also markets coal for independent producers.
 Fluor Corp. is an international engineering, construction, maintenance and technical services company with more than 50 offices worldwide.
 -0- 8/12/92
 /EDITOR'S NOTE: Bethlehem Steel put out a news release today on this same subject./
 /CONTACT: Deborah Land (media), 714-975-3971, or Lila Churney (investors), 714-975-3909, both of Fluor/
 (FLR BS) CO: Fluor Corp.; A.T. Massey Coal Co. Inc.; Bethelhem Steel ST: C?alifornia, West Virginia IN: MNG SU: TNM


JL-KJ -- LA041 -- 9376 08/12/92 17:50 EDT
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Publication:PR Newswire
Date:Aug 12, 1992
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