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BETHLEHEM STEEL SUBSIDIARY SELLS WEST VIRGINIA COAL PROPERTY

 BETHLEHEM STEEL SUBSIDIARY SELLS WEST VIRGINIA COAL PROPERTY
 BETHLEHEM, Pa., Sept. 17 /PRNewswire/ -- Bethlehem Steel Corporation (NYSE: BS) announced today that its subsidiary, Primeacre Land Corporation, sold its Nicholas West coal reserve property to Fola Land Company, a subsidiary of AMVEST Corporation.
 The reserve encompasses approximately 11,000 acres in Nicholas and Clay counties in West Virginia.
 Last September, Bethlehem Steel announced its intention to sell most of its coal reserve properties as part of its previously stated policy of divesting itself of assets not directly related to the company's core steel business.
 AMVEST Corporation, a privately held company headquartered in Charlottesville, Va., is engaged through operating subsidiaries in coal mining and marketing and natural gas exploration and production in Virginia, West Virginia and Kentucky.
 /delval/
 -0- 9/17/92
 /CONTACT: Bill Gignac of Bethlehem Steel, 215-694-7536/
 (BS) CO: Bethlehem Steel Corporation; Primeacre Land Corporation; AMVEST
 Corporation ST: Pennsylvania, West Virginia IN: MNG SU: TNM


JS-CC -- PH017 -- 0590 09/17/92 11:17 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
Words:164
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