ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, December 22, 1993                   TAG: 9312220108
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

PITTSTON SET TO CLOSE ADDINGTON ACQUISITION

The Pittston Co. said it plans to close by Jan. 18 on its acquisition of the coal-mining assets and contracts of Addington Resources Inc.

Joseph C. Farrell, Pittston's chairman, said that Addington has scheduled a shareholders' meeting on Jan. 11 to approve the previously announced acquisition by a Pittston Minerals Group subsidiary.

Farrell also announced that Pittston Minerals expects to incur a fourth-quarter after-tax charge of $48 million related to future mine closings and employee benefit costs.

Pittston Minerals Group operates several coal mines in far Southwest Virginia. 


 by CNB