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This coal miner’s getting paid to buy assets in Appalachia

James Booth has done it again. In September, his Booth Energy coal group bought a collection of Appalachian mines from a Florida utility company for nothing beyond liabilities. On Monday, it acquired another two sites in West Virginia — this time, from Consol Energy Inc. – for nothing beyond liabilities. In fact, Consol will pay a Booth Energy unit $27-million at closing and $17-million more over four years, according to a Securities and Exchange Commission filing on Monday.