Murray Energy

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Murray Energy’s $250,000 Gift Got a Closed-Door Meeting in Coal Industry Campaign to Sway State Attorneys General

Jennifer A Dlouhy for Bloomberg News: Murray Energy Corp. made a $250,000 donation to the Republican Attorneys General Association last year and, in return, the coal mining company’s chief executive got a closed-door meeting with state prosecutors to discuss the Obama administration’s regulation of power plants. Eleven days later, the attorneys general went to federal […]

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Indications of a Solvency Struggle in Murray Layoff Letter

Anya Litvak for the Pittsburgh Post-Gazette: Murray Energy Corp. and its lenders are working on a plan to keep it solvent as the company works to avoid filing for bankruptcy in two months’ time. Last week, Murray Energy, the nation’s largest privately owned coal miner, told 4,400 employees — more than 80 percent of its […]

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A Coal Boss Praised for Hard-Earned Success Appears to Be Taking the Low Road Out

The CEO of Murray Energy Was Different, or So It Seemed

The news that Murray Energy, the largest privately held coal producer in the U.S., is considering laying off 80 percent of its workforce shows that even coal executives who preach the gospel of “change or die” cannot save an industry crumbling against competition from renewable energy and natural gas. CEO Bob Murray is pretty much […]

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Coal Giant Murray Energy Issues Layoff Warning for 4,400

John W. Miller and Tim Puko for the Wall Street Journal: Murray Energy Corp., the largest privately held coal miner in the U.S., has warned that it may soon undertake one of the biggest layoffs in the sector during this time of low energy prices. In a notice sent to workers this week, Murray said […]

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U.S. Coal Exec Sees Demise of Uinta Basin Production

Christopher Coats for SNL: In early 2015, Murray Energy Corp. founder, CEO and President Robert Murray told a Miami audience that the Uinta Basin of Colorado and Utah had been “virtually destroyed” and that the “worst is yet to come” Murray now updates his assessment of the region, warning of a more rapid decline, potentially […]

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A Coal CEO Backs Trump But Doubts His Understanding of the Industry

Taylor Kuykendall for SNL: With early-choice candidate Ted Cruz out of the picture, Murray Energy Corp. founder and CEO Robert Murray is pivoting his support to presumptive Republican presidential nominee Donald Trump, though he thinks he may need to temper recent promises to return coal to its glory days. Murray expressed his support for the […]

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Two Coal Barons, One Overdue Bond Payment and the End of an Era

Jodi Xu Klein and Tim Loh for Bloomberg News: Both men worked down in the mines, in helmet and headlamp, digging out the coal that would one day make them piles of money. As early as Tuesday, the mining empires the two men built from scratch could start to crumble. Billionaire Christopher Cline, 57, hailed as […]

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Editorial: Industry Push to Slash State Coal-Mining Tax Isn’t in West Virginia’s Best Interest

From the Huntington Herald-Dispatch: The West Virginia House of Delegates this week wisely put a halt to legislation reducing the severance tax on the coal and gas industries, indicating instead that the issue should be studied prior to next year’s legislative session. Despite the harsh reaction from some in the coal industry, tabling Senate Bill […]

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Divestiture Movement, Deepening Distress of Coal Industry, Emerging Battles Over Solar, Overbuilding of Shale Gas Pipelines Highlight IEEFA Energy Finance 2016 Conference in New York City

Panelists From Deutsche Bank, Moody’s, S&P Capital IQ, New York Mayor’s Office, CalSTRS, Massachusetts Attorney General’s Office, Bloomberg New Energy Finance, Norwegian Parliament

COLUMBIA UNIVERSITY, MARCH 14-16; EXPERTS FROM EUROPE, ASIA, AUSTRALIA,  AND THE AMERICAS NEW YORK, Feb. 29, 2016 — The Institute for Energy Economics and Financial Analysis (IEEFA) today announced a 2016 conference lineup that includes leading energy finance experts, industry regulators, institutional investors, activists, market analysts and commentators from around the world. The conference, Energy […]

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More Layoffs at Southern Illinois Mines

Nick Mariano for the Southern Illinoisan (Carbondale): American Coal Co. has announced another round of layoffs at one of its Galatia mines, a company official confirmed. The American Coal Company confirms that it was forced to lay off 101 employees, effective Feb. 14, a spokesman for parent company Murray Energy Corp. said in an email. […]

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