SXC SunCoke Energy Inc

SunCoke Energy, Inc. (NYSE: SXC) announced today that its wholly-owned subsidiary, Jewell Resources, Inc., executed a definitive agreement to sell 100 percent of its interest in the entities that make up the Harold Keene coal companies (“HKCC”) to Omega Holdings, LLC (“Omega”) for approximately $9.5 million. The deal, which is subject to Omega obtaining acceptable third-party financing, is expected to be comprised of a combination of cash, future tonnage-based royalty payments and the assumption of $2.5 million of estimated reclamation obligations. Omega, a privately held firm located in Cedar Bluff, Virginia, is a holding company for various coal mining operations.

“Given the ongoing difficult coal price environment, we made the strategic decision early in 2014 to sell or downsize our coal mining operations,” said Fritz Henderson, Chairman and Chief Executive Officer of SunCoke Energy, Inc. “Today’s sale aligns with this strategy. With their nearby coal mining activities and familiarity with our operations, Omega is a natural fit for this portion of our coal business. We will continue to implement our Coal Mining business downsizing plans while simultaneously pursuing a sale of all or other portions of our remaining coal mining operations.”

HKCC has nearly 20 million tons of proven and probable coal reserves located on approximately 250 acres in Russell and Buchanan counties, Virginia. HKCC’s operations, which were largely idled in 2013, consist primarily of high wall and deep mine reserves of hi-vol A and hi-vol B metallurgical coals and thermal coal. This sale also includes HKCC’s warehouse, two idled coal preparation plants and certain coal loadout facilities.

The closing of this transaction will be conditioned upon Omega’s ability to obtain adequate, third-party financing and is subject to regulatory approvals and other customary closing conditions, including working capital adjustments. This transaction is expected to close in first quarter 2015.

UPCOMING EVENTS

We plan to issue fourth quarter 2014 earnings and provide 2015 guidance before market opens on Thursday, January 29, 2015. Also on this date, we expect to host an investor conference call, which will be webcast live and archived for replay on www.suncoke.com. Times and dial-in information for these conference calls and webcasts will be provided in early January 2015.

SUNCOKE ENERGY, INC.

SunCoke Energy, Inc. (NYSE: SXC) is the largest independent producer of coke in the Americas, with 50 years of experience supplying coke to the integrated steel industry. Our advanced, heat-recovery cokemaking process produces high-quality coke for use in steelmaking, typically captures waste heat for derivative energy resale and meets or exceeds environmental standards. Our U.S. cokemaking facilities are located in Virginia, Indiana, Ohio and Illinois. Outside the U.S., we have cokemaking operations in Vitoria, Brazil and Odisha, India. Our coal mining operations, which have more than 110 million tons of proven and probable reserves, are located in Virginia and West Virginia. In addition, through our 56 percent ownership of SXCP, we have an interest in SXCP's coal logistics business, which has the collective capacity to blend and transload more than 30 million tons of coal annually. To learn more about SunCoke Energy, Inc., visit our website at www.suncoke.com.

FORWARD LOOKING STATEMENTS

Some of the statements included in this press release constitute “forward looking statements” (as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended). Forward-looking statements include all statements that are not historical facts and may be identified by the use of such words as “believe,” “expect,” “plan,” “project,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “continue,” “may,” “will,” “should” or the negative of these terms or similar expressions. Forward-looking statements are inherently uncertain and involve significant known and unknown risks and uncertainties (many of which are beyond the control of the Company) that could cause actual results to differ materially.

Such risks and uncertainties include, but are not limited to domestic and international economic, political, business, operational, competitive, regulatory and/or market factors affecting the Company, as well as uncertainties related to: pending or future litigation, legislation, or regulatory actions; liability for remedial actions or assessments under existing or future environmental regulations; gains and losses related to acquisition, disposition or impairment of assets; recapitalizations; access to, and costs of, capital; the effects of changes in accounting rules applicable to the Company; and changes in tax, environmental and other laws and regulations applicable to the Company’s businesses.

Forward-looking statements are not guarantees of future performance, but are based upon the current knowledge, beliefs and expectations of Company management, and upon assumptions by the Company concerning future conditions, any or all of which ultimately may prove to be inaccurate. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not intend, and expressly disclaims any obligation, to update or alter its forward-looking statements (or associated cautionary language), whether as a result of new information, future events or otherwise after the date of this press release except as required by applicable law.

In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company has included in its filings with the Securities and Exchange Commission cautionary language identifying important factors (but not necessarily all the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by the Company. For information concerning these factors, see the Company’s Securities and Exchange Commission filings such as its annual and quarterly reports and current reports on Form 8-K, copies of which are available free of charge on the Company’s website at www.suncoke.com. All forward-looking statements included in this press release are expressly qualified in their entirety by such cautionary statements. Unpredictable or unknown factors not discussed in this release also could have material adverse effects on forward-looking statements.

SunCoke Energy, Inc.Investors:Lisa Ciota: 630-824-1907orMedia:Steve Carlson: 630-824-1783

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