Source: S&P Global Market Intelligence October 30, 2019 Despite its efforts to avoid what its founder once called the “bankruptcy sewer,” Murray Energy Corp.’s parent Murray Energy Holdings Co. followed the path blazed by many of its peers with an Oct. 29 petition for a Chapter 11 bankruptcy reorganization. The largest privately-held coal producer in the U.S. recorded $542.3 […]
Source: E&E News October 30, 2019 Murray Energy Corp., the largest private coal firm in the country, helmed by an outspoken supporter of President Trump, has filed for federal bankruptcy protection after months of financial trouble in the fraying coal sector. Robert Murray, who Trump has affectionately called his coal “guy,” will step down as […]
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FOR IMMEDIATE RELEASE October 29, 2019 CONTACT: media@coalsource.com On October 29, 2019, Murray Energy Holdings Co. (“Murray Energy” or the “Company”) announced that Murray Energy and certain of its subsidiaries entered into a Restructuring Support Agreement (the “RSA”) with an ad hoc lender group (the “Ad Hoc Lender Group”) holding more than 60% of the approximately […]
Source: WV MetroNews October 29, 2019 CHARLESTON, W.Va. — Murray Energy, an economic and political powerhouse in West Virginia, has declared bankruptcy. Under a reorganization proposal, Robert Moore would become president and chief executive of the newly-formed Murray NewCo. Moore has already been executive vice president, chief operating officer and chief financial officer at the company.With the […]
On October 23, 2019, after the House Committee on Natural Resources passed H.R. 935 (The Miners Pension Protection Act), the original co-sponsors of that legislation wrote to Speaker Pelosi urging her to bring the bill to the House floor as quickly as possible to secure the pensions of over 100,000 active and retired miners. […]
Source: CNN Business October 11, 2019 Robert Murray, the king of the coal industry and a forceful supporter of President Donald Trump, is fighting to save his mining empire from financial collapse. Murray Energy, America’s largest private coal miner, recently failed to make payments to lenders. The company entered into a forbearance agreement that buys it time […]
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Source: Ohio Valley Resource October 4, 2019 Bobby Bowman mined coal in West Virginia for 12 years before his employer shut down. “I don’t think that mine will ever open again,” he said. Bowman lives in Welch, in the south of the state, where he worked at the Pinnacle Mine, which shut down almost exactly […]
International Representative, Justin Tsosie, sent a letter to the brother and sisters of the Navajo Nation on October 1, 2019, to update them on recent events concerning the Nation and call them to action to protect all of our rights! To read the full letter click here. If you have any questions about the letter […]
Source: The Charleston Gazette-Mail In a speech at the National Press Club on Sept. 4, I made the statement that there were 1,600 coal plants being built around the world. Those who were at the speech or who registered to watch it online were provided my prepared remarks, which noted that the 1,600 figure was […]