National Coal sells another asset

Knoxville-based National Coal Corp. recently generated some much-needed cash by selling a Superior Highwall Mining System for $4.1 million, according to a Securities Exchange Commission filing.

The system was sold to SEACAP Leasing Associates II LLC.

National Coal has been in a selling mood lately as it has moved aggressively to pay off debt. Among assets previously sold were the New River Tract near Oneida, Tenn., a preparation plant and a short-line railroad.

Click here for National Coal SEC filings on Edgar online.