UK’s first coal mine in 30 years faces climate court test
Environmental campaigners are challenging the approval of a coking coal mine in northwest England.
Investors looking to play the recent boom in metallurgical coke, used in steel production, will soon have a new, pure-play name to trade. Last week Sunoco (SUN) filed a registration statement for the planned divestiture of SunCoke Energy, the firm’s coke division.
Sunoco will originally sell 20% of SunCoke in an IPO, and then undertake a tax-free spinoff of the remaining 80% stake to Sunoco shareholders.
