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U.S. STEEL MINING CO. TO SELL CUMBERLAND MINE TO CYPRUS COAL COMPANY

 PITTSBURGH, May 13 /PRNewswire/ -- U.S. Steel Mining Co., Inc., a subsidiary of U.S. Steel Group (NYSE: X) of USX Corporation, Pittsburgh, and Cyprus Coal Company, Englewood, Colo., have signed a letter of intent for the sale of the Cumberland Mine in Greene County, Southwestern Pennsylvania, to a subsidiary of Cyprus Coal Company.
 Terms of the proposed sale were not disclosed.
 Cumberland produces steam coal for domestic and international markets. The mine produced 4 million tons in 1992. Approximately 400 employees work at the mine and related coal processing facilities. The agreement contemplates continued employment of the existing work force.
 The agreement is subject to the approval of the boards of directors of the two companies and required governmental approvals. The sale is expected to close by the end of the second quarter.
 -0- 5/13/93
 /CONTACT: William E. Keslar or Don H. Herring of USX Corporation, 412-433-6870/
 (X)


CO: U.S. Steel Mining Co., Inc.; U.S. Steel Group; USX Corporation;
 Cyprus Coal Company ST: Pennsylvania, Colorado IN: MNG SU: TNM


CD-DM -- PG002 -- 7950 05/13/93 09:05 EDT
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Publication:PR Newswire
Date:May 13, 1993
Words:183
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